ELE 0.00% 0.5¢ elmore ltd

valuation, page-24

  1. 389 Posts.
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    Sales that is what I thought, but the market has a way of telling us something is not quite right.I believe it will struggle to get back to 4 cents without some really positive news. I have become to doubt this stock because of the lack of positive exposure and to truck ore for that large distance is going to be quite costly. India is a tough place to do business and you need everything to be absolutely spot on. Mr C has given it a shot but I just can't see him pulling it off. Stay with the the true Iron ore stocks, FMG, AGO,BHP,RIO and MGX. Chasing rainbows can be rewarding but comes with a lot of disappointments most of the time. Time is an indicator with what has transpired and I have just too many ?????. Hope I am wrong for the sake of the strong believers. Sales the sale and buy sides are not what I would like to see going into consolidation, yes people do come off the side but I like a stock with strong convictions. Leaks do occur and that is what makes a stock run.
 
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