EMS 11.1% 1.6¢ eastern metals limited

Ann: Quarterly Activities and Cash Flow Reports 30 June 2024, page-3

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  1. 108 Posts.
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    No doubt held back payments last quarter for some cash balance window dressing.

    No meaningful mention of the failure to execute on HoB as per announced last quarter.

    Confused when drilling is starting - is it early August or by the end of the quarter (September). Unclear announcement.

    Share price plumbing new lows.

    Over time for a top-down performance review I think.

    The last venture under Duffins leadership went into liquidation. It would be a rare feat to achieve the same for an exploration company with good assets.

    Probably too late now to stop the rot.
 
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