EMR 0.28% $3.59 emerald resources nl

Ann: Quarterly Activities Report, page-15

  1. 2,641 Posts.
    lightbulb Created with Sketch. 150
    I knew that Outotec had stood down workers some time back, but I didn't want to spread despondency. (Keep calm and carry on)
    No need for alarm now anyway as their Italian fabrication facility is back at work .

    Sprott noted in their Equity Research notes entitled: Funding Closed Well Placed To Weather The Storm
    My post: 43720133 26 March. An excerpt below.

    "Emerald is well placed to weather the current storm. Cambodian borders are closed to the US and some EU countries, but remain open to China and regional neighbours; as Chinese manufacturing recovers the company’s supply chain is largely intact. 2H20 carries some risk on EU mills, mitigated by early fabrication, being steel only. These conditions are not new to the team, who successfully built Bonikro despite disruptions from the Ivory Coast civil war."

    The sentimentabove, and the confidence Sprott has in EMR is vindicated, as can be seen from the Q1 Report. SAG mill fabrication re started at the Outotec facility in Italy on the 6th April. That is over 1 month ago. The EMR team has used all their experience to overcome hurdles thrown up by the Covid virus, and have actually turned the viral villain around to our advantage.







 
watchlist Created with Sketch. Add EMR (ASX) to my watchlist
(20min delay)
Last
$3.59
Change
-0.010(0.28%)
Mkt cap ! $2.348B
Open High Low Value Volume
$3.57 $3.65 $3.54 $7.804M 2.167M

Buyers (Bids)

No. Vol. Price($)
4 15319 $3.58
 

Sellers (Offers)

Price($) Vol. No.
$3.59 33444 3
View Market Depth
Last trade - 16.10pm 14/05/2024 (20 minute delay) ?
Last
$3.60
  Change
-0.010 ( 0.38 %)
Open High Low Volume
$3.58 $3.65 $3.54 621320
Last updated 15.59pm 14/05/2024 ?
EMR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.