They may not need to. If EMR can emerge with a good business plan showing positive cash-flow, with a drilling program that is funded, targeting around 500Bcf as a starting estimate (at $US7K per mmcf worth about $US3.5 billion GROSS ($US2.8 billion to EMR at 80%) then they could see some serious price increase - perhaps 25c or more - and those brave ones buying the options in their darkest hour, may just make a squillion.
Note with gas prices in the US rising rapidly - likely to be $10K/MMBtu giving total value $US5Billion ($US4 billion to EMR) in the near future and EMR could make some seriously large amount of money
trading halt again, page-22
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Last
$3.99 |
Change
0.100(2.57%) |
Mkt cap ! $2.621B | |||
| Open | High | Low | Value | Volume |
| $3.91 | $4.03 | $3.91 | $5.723M | 1.436M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13486 | $3.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.99 | 14018 | 3 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| EMR (ASX) Chart |