ELE 0.00% 0.5¢ elmore ltd

Ann: Peko Project & Fund Raising Update, page-6

  1. 12,136 Posts.
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    ELE just needs to put some 'runs on the board' now and then we should see 4c.
    Hopefully once production starts the dilution will then start moderating.
    Shareholders don't need more cheap shares to be issued, otherwise I'll be off to greener pastures. Constant dilution is always the problem with these penny dreadfuls.
    At least with ELE production is about to start and the profits will be good at current high grade 65% concentrate IO price.
 
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