EMR

0.76%

$4.00 emerald resources nl

Sprott Talking Today 14th., page-7

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Sherlock Buffet

3,128 Posts.

303

15/04/23

20:17

Post #: 67293832
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Originally posted by Fatoomch: ↑

Many thanks for that insight Sherlock - you've probably posted similar many times, but as a newbie here I'm playing Devil's advocate to a certain extent - for my own benefit primarily. Asking questions and getting information in return is what a good bulletin board is about. Believe me - I have been on many where there's plenty of - wow, the price is going up/ Should I buy more/why is the share price going down/should I sell/if I had $1000 to invest should I buy XYZ now or wait for it to fall back.

I am invested here and prefer to look at hard facts and figures - and its my first dabble in a gold miner. If a war broke out in Cambodia tomorrow or there was a massive earthquake - what would EMR be worth? Or EMR could strike pay dirt - what would it be worth then?

Atm - gold mined from Cambodia is creating a quarterly profit of just AUD$5.8M (USD$3.9M). Cash and bullion held plus profit is being stated in AUD, debt in USD.

I didn't see any mention of further paydown of the Sprott debt which is running at 6.5% + LIBOR - so interest of over 9%. As at end of 2022, EMR debt to Sprott stood at USD$50.4M, having paid down USD$14.6M. Of that USD$14.6M, USD$5M is interest. So the capital paydown of the capital on the debt isn't particularly rapid and at that rate could well still be over USD$40M at end of 2023.

AISC in Cambodia is pretty good at @USD$800 per oz. However, I'd be interested to hear any view on
Cost of a mining/processing plant in WA
The AISC for WA

My thoughts are that the cost to build in WA are far higher than in Cambodia and the AISC will also be substantially higher - consequently, getting gold out of the ground in WA is far less lucrative than in Cambodia.

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Read other EMR threads. The company paid $12M in corporate tax. Stop pretending the company is only making $6M every quarter.

Look at the Sprott figures regarding estimated repayment. Do some reading first. If war, earthquake or famine happened…please.

EMR Price at posting: $1.76 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $4.00		Change 0.030(0.76%)		Mkt cap ! $2.627B

Open	High	Low	Value	Volume
$3.96	$4.00	$3.91	$4.322M	1.087M

Buyers (Bids)

No.	Vol.	Price($)
4	11049	$3.97

Sellers (Offers)

Price($)	Vol.	No.
$4.00	240865	5

View Market Depth

No.	Vol.	Price($)
1	1050	3.970
1	1050	3.960
1	1050	3.950
1	1050	3.940
2	3239	3.930

Price($)	Vol.	No.
4.000	113388	1
4.020	9940	1
4.030	1050	1
4.040	5032	2
4.050	14032	2

Last trade - 16.10pm 27/09/2024 (20 minute delay)

EMR (ASX) Chart

Sprott Talking Today 14th., page-7

The winners & losers on market if negative gearing were gone

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The market's shrugged at China's stimulus measures all year. Why is this one different?

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Sprott Talking Today 14th., page-7

Top Stories

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Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News