EMR 3.86% $3.49 emerald resources nl

Ann: Significant Exploration Results Continue at EMR Prospects, page-31

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 345 Posts.
    lightbulb Created with Sketch. 32
    There are loads of reasons why drilling may be slowed however, the "3rd rig" seemed to have been held, back, whilst promoting a narrative of escalation of drilling.

    In the december quarterly operation report, released in Jan, they said
    "A third drill rig (RC) is expected to mobilise to site to continue escalating drilling capacity shortly."

    in the 28th April drilling update they said:-
    "A third drill rig (RC) is expected to mobilise to site in the current quarter to continue escalating drilling capacity."

    And in the drilling update report at the top of this thread dated the 4th july it says:-
    "A third drill rig (RC) is expected to mobilise to site to continue escalating drilling capacity shortly."

    So "shortly" in the Jan-Mar quarter, "mobilise in current quarter" in the Apr-June Quarter, and is back to "shortly" in the report on the 4th July, all the while promoting a narrative of pending drilling escalation.

    Need to tell shareholders why it is 5 months late and counting, and stop telling them that drilling is going to escalate "shortly"

    Can't argue with the SP mind you !

    Last edited by tangey99: 11/07/23
 
watchlist Created with Sketch. Add EMR (ASX) to my watchlist
(20min delay)
Last
$3.49
Change
-0.140(3.86%)
Mkt cap ! $2.293B
Open High Low Value Volume
$3.65 $3.66 $3.49 $49.57M 14.78M

Buyers (Bids)

No. Vol. Price($)
4 13008 $3.48
 

Sellers (Offers)

Price($) Vol. No.
$3.50 29569 3
View Market Depth
Last trade - 16.10pm 14/11/2024 (20 minute delay) ?
EMR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.