EMR 1.52% $4.02 emerald resources nl

7m mc, 3m cash,spudding 2 wells - go figure!

  1. 12,503 Posts.
    270m shares on issue
    78m EMRO (ex 5c) on issue.

    at 2.7c, roughly 7m MC or thereabout
    3m cash
    4m EV.

    spudding two wells:

    NW Alice (>100bcf,2.5m barrels) due, but waiting on company update

    Stokes bay

    Craig Burton on register

    Volume lately on heads & options.

    it's too cheap
 
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