EDM 0.00% 0.1¢ eldore mining corporation limited

Ann: Alteration to Notice of Meeting , page-6

  1. SRF
    1,046 Posts.
    Rod2010

    Sorry didn't read your post earlier.

    From my perspective, as long as the board is keeping EDM as a going concern, of which they have informed ASX on 8th Nov that they would be able to do so, 0.1-0.2c is a good bet for large gains when good news flow.

    With no debt, min expenses(No full time staff), someone owe EDM $1.066m, 40% interest in a Gold exploration project, $3.6m deposit in Baita Mine(still to be sorted out), it is a little gem to bet on.

    But, Management is a big concern. Any capable persons would have taken the SP of this company 10 times what it is yet the management managed to destroy all the good things and drive the SP down from 1.3 to 0.1c in less than 6 months without any bad news! Go figure!

    The big gain will most likely be from next round of gold drilling results next year from PDI, or the return of $1m cash, or the closing of the deal on Baita Mine.

    DYOR

    and GL trading
 
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