EM2 1.96% 5.2¢ eagle mountain mining limited

Ann: Mineral Resource Estimate Increased to 28Mt @ 1.35% Copper, page-38

  1. 3,006 Posts.
    lightbulb Created with Sketch. 249
    Yes it does look great.

    Though the trading this week suggests that 1 of 2 things are at play here or both.

    1. Capped under 6 cents due to a CR or some other cash transaction that's in the pipeline and the magical number is 6 cents

    2. Another large holder is happy to take a considerable loss.

    A few times this has been primed to go back above 6 though been smacked back every time 6 is bid and then sold down.

    Patience is needed here as when the stars align this will fly quickly. Too many positives for it not to once cash is sorted.

    Best outcome for shareholders is a BAss loan though I think the market will see this as an ongoing problem.

    CR at 6 will be heavily dilutional as a 6mil injection is what's need to see us through 2024 and the rest of the background planning works.

    Just my thoughts

    Cheers
 
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Last
5.2¢
Change
0.001(1.96%)
Mkt cap ! $20.42M
Open High Low Value Volume
5.1¢ 5.3¢ 5.0¢ $57.06K 1.115M

Buyers (Bids)

No. Vol. Price($)
1 200000 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 31999 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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