Elton et al. Yes, I reckon the quarterly must come out any day now. I am quite nervous regarding this and the possible market reaction if there is no definitive news. I was going over some earlier announcements and found one where they explicitly stated they should be at 8000 TPA by end June. Obviously this has not happened and we have not been told the reason, even if it is b/c of the stump trial.. My fear is that those fund managers that bought in at $0.10 may just decide they they have had enough. In which case a sell down of many millions of shares ( $10 Million / $0.10 per share) would be devastating for both confidence in the stock/company and yours/mine pockets. Would take a long time to recover. The other thought, of course, is that we are all being taken for a ride. Maybe the ex- Essential Queensland have just used the ASX and unsuspecting share holders to fund a nice life style for a while. Next day or 2 hopefully tells us more.
LER Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
