Australia's largest stock trading and investment forum Australia's #1 stock forum

ERM

Click for more information

5.26%

6.0¢ emmerson resources limited

Ann: Intersections of Bonanza High Grade Gold Plus Visible Gold,EVN-ERM.AX, page-49

First 49 Last

Share
Profile

Follow
munchy

397 Posts.

9

31/10/16

19:00

Post #: 20262422
Share

Originally posted by JimmyRabbit ↑

"early exploration results of "this magnitude" take some time to sink into Mr Market's grey matter" It seems to have been what has happened the last couple of times - 1st day plenty of volume but treading water then we get some traction later in the week as things sink in.

I agree with the majority of you post about how this exploration phase is treated but just can't see how it could be argued in anyway this result had been built in to the SP.

I would also add this "excitement phase" has been going on for quite some time now - if you look back to the Goanna/Monitor find 5 or 6 years ago now this stock has consistently announced quality drill results and seriously increased its known resources with very few misses and yet we are still 3.5c below its original listing price (so it could be argued Mr Market hasn't factored in any of the drill results in the history of the stock) - so I don't mind you being derogatory to Mr Market at all - seems he is much more interested in day trading and charts than long term prospects and fundamentals.

Expand

'are still 3.5c below its original listing price (so it could be argued Mr Market hasn't factored in any of the drill results in the history of the stock)'

Or...maybe it listed too high?

ERM Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CXO

Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered

RXM

Rex Minerals soars 60% on $390M Indonesian buyout deal from MACH Australia

PMT

High-grade lithium zone extended at Patriot's Corvette project, drilling grades at 5%

WCN

White Cliff gears up to explore expanded Nunavut Cu-Ag-Au project in Canada

HCH

Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant

There are more pages in this discussion • 29 more messages in this thread...

First 49 Last

Add ERM (ASX) to my watchlist

(20min delay)
Last 6.0¢		Change 0.003(5.26%)		Mkt cap ! $32.68M

Open	High	Low	Value	Volume
5.8¢	6.0¢	5.8¢	$15.61K	266.8K

Buyers (Bids)

No.	Vol.	Price($)
1	118613	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	58481	2

View Market Depth

No.	Vol.	Price($)
1	118613	0.059
2	544905	0.058
3	85324	0.057
1	100000	0.056
1	17500	0.055

Price($)	Vol.	No.
0.064	58481	2
0.068	58800	1
0.069	72391	1
0.070	12500	1
0.072	9454	1

Last trade - 13.48pm 08/07/2024 (20 minute delay)

ERM (ASX) Chart