Dear ...........,
Thank you for your email.
My guess is that ESI will be taken over by someone like ONDEO-Degremont, similar to Memtec's takeover.
Do you remember Memtec? We had shares in Memtec for a long time at around 56c a share, and we thought we were dashed smart when we got out at about $2.56. Memtec was finally acquired by a US company at $US34.50 in November 1997!!
Memtec's technology was not very special - it was an adaptation of a filtration technology that is used in medical processes. One sees occasional references to the company still mainly in small drinking water applications.
ESI's technology is unique, and a global company can bear the cost and the timespan necessary a lot better than ESI.
Now that ESI is being show cased in the international arena through its operations in Germany, etc, I think it is only a matter of time before it is taken over at a fine premium.
The world is far more environmentally conscious today than it was at the time of the Memtec takeover.
Just hold on!
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Last
2.4¢ |
Change
-0.002(7.69%) |
Mkt cap ! $41.19M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.4¢ | $383.5K | 15.41M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 2161280 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 22903 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 2161280 | 0.023 |
22 | 3939587 | 0.022 |
9 | 3672944 | 0.021 |
16 | 2781502 | 0.020 |
9 | 3237894 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 22903 | 1 |
0.025 | 2319200 | 3 |
0.026 | 2090000 | 8 |
0.027 | 5037718 | 9 |
0.028 | 1451603 | 5 |
Last trade - 16.10pm 15/08/2022 (20 minute delay) ? |
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Last
2.4¢ |
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Change
-0.002 ( 9.27 %) |
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Open | High | Low | Volume | ||
2.6¢ | 2.6¢ | 2.4¢ | 10814584 | ||
Last updated 15.58pm 15/08/2022 (live) ? |
ECT (ASX) Chart |