ELE elmore ltd
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Ann: Joint Venture Update , page-11

  1. joeborgo
    582 Posts.
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    30/05/13
    11:59
    Post #: 11827596
    Hi All

    The problem with the Vijay JV IMO is that vijay are being asked to stump up $13 million for 40% of a project for a company that is only worth just over $8 million.

    They would be better off just taking the company over! They need to get the share price up to increase their market cap and the only way to do that is SALES!!!!

    Joe

    NSL Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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