If I was to be a cynical negative nancy i would say that the chance of a junior explorer developing a resource in Argentina is low. E2M will not be a developer but will sell the project or be bought out. See snip below. The Fraser Institute ranks Argentina in the top 10 least attractive jurisdictions for investment. I would speculate that E2M would be bought out by major who has some clout and control in Argentina and this would be done at the expense of retail holders.
Would anyone like to share their investment thesis on this one? How does one navigate such risk and uncertainty? Amazing resource and upside btw.
Ann: Trading Halt, page-33
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Last
20.0¢ |
Change
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Mkt cap ! $87.28M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.0¢ | $398.4K | 1.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 118249 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 29895 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| USL (ASX) Chart |