EFE 14.3% 0.4¢ eastern resources limited

Ann: Thick Pegmatites Intercepted at Trigg Hill Project, page-516

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  1. 1,133 Posts.
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    Absolutely, but dilution is a killer! Prime example is the other Lithium jnr often mentioned the last couple days that had less meterage drill results but they had core photos. Look at their price action! They have hit over $1!! Due to having such a small market cap. Only 135 million SOI

    It just gets me so agitated when management hand out more and more shares at cheaper prices for their own interests at our retail expense. When I first got into EFE we had just over 700million SOI, now we have almost doubled that, so i get a little upset looking into things and seeing the blatant cash grab that appears to be happening (It may not be).

    Jnrs need to raise money, but time and time again SP gets intentionally held down so sophisticated investors and management get their fill first. There is just no way we should still be sitting under 100m market cap in my opinion
 
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