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

ELE

Click for more information

0.00%

0.5¢ elmore ltd

Ann: Trading Halt, page-5

First 5 Last

Share
Profile

Follow
Xistre

253 Posts.

133

21/04/22

10:05

Post #: 60947989
Share

Originally posted by J.W.Pepper: ↑

I would say its in relation to yesterdays ann. -

"The key points of the new contract are:  Elmore will fund and manage all remaining elements required to design and license the initial mining areas, starting at Northcote, West of Cairns.  Elmore will provide, at no cost though retain ownership of, a moveable processing plant.  Elmore will provide up to $2 million working capital after licencing has been finalised and the plant is established (this funding is not needed now).  Elmore will manage all mining, processing, and product sales."

It will probably be only offered to sophs IMO, retail are too slow & sloppy to get money out of and it will probably be raised at around 0.034 (20% off 5 day VWAP) or 0.036 (15% off),

Expand

But in the same sentence, "funding is not needed now".

ELE Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

There are more pages in this discussion • 31 more messages in this thread...

First 5 Last

Add ELE (ASX) to my watchlist