Ann: Fully Underwritten Non-Renounceable Rights Issue, page-6

@Ralgro the way the stock finished today, and looks to be trending (second largest fall on the entire ASX for the day), I'd say the pump component is increasingly unlikely. Just lots of shareholders dumping!

Based on their current spending habits, they are about to more than double the shares on issue and give themselves maybe a year's worth of cash. They don't have a fabulous exploration track record in recent years and frankly, investors look to be sick of waiting for a payday.

The EMU management has overseen an 80% decline in the value of the stock over a 12-month period and I can't see anything in the future that will arrest that downward spiral.

Massive wealth destruction and I don't think it is over yet.