EMR emerald resources nl

0.54%

$3.71

Ann: Emerald to Cornerstone Golden Horse Minerals Dual Listing, page-4

First 4 Last

Share
Profile

Follow
Sherlock Buffet

3,355 Posts.

366

04/09/24

20:19

Post #: 75532145
Share

Originally posted by tangey99: ↑

So it appears EMR has offloaded the southern cross prospects that Bullzeye had.

Tthe EMR announcement is rather light on details, no indication as to why the decision was made, and nothing that informs how much a position they are taking in GHML.

The announcement from Golden Horse minerals is a bit more revealing.

GHML cap is around $12M CAD. The AUD>CAD exchange rate is close enough that you can roughly equate 1:1. So its pretty much a tiddler. Around 46M shares on the CAD listing.

The GHML announcement states that EMR will have 41% interest in GHML, but this does not include any shares issued to other shareholders as part of the ASX listing. 50% of the loan is to fund the process of getting listed on ASX, and the loan is expected to be repaid in full from money received as a result of the listing.

So it looks like they are going to issue a shedload more shares as part of the Oz listing. $2M to repay the loan is approx 8M shares. They'll likely use the opportunity to raise capital from drilling etc.

So possibily 90-100M shares in issuance in GHML after the ASX listing, with EMR holding around 30% of the company after the dust settles. Existing GHML shareholders seeing approx 50% dilution.

Both companies hope it'll all be done by mid Nov.

Expand

Dear tangey99,

In the December 2023 Interim Report release Feb. 2024, the company states the Southern Cross Project and Aurora Project are over 400km squared in size, and that the company was looking at possible divestment.

See document pg. 13 of the below link:-

https://hotcopper.com.au/threads/ann-half-yearly-report-and-accounts.7877578/

Last edited by Sherlock Buffet: 04/09/24

EMR Price at posting: $3.76 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

BOE

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $3.71		Change 0.020(0.54%)		Mkt cap ! $2.444B

Open	High	Low	Value	Volume
$3.71	$3.81	$3.70	$7.884M	2.106M

Buyers (Bids)

No.	Vol.	Price($)
2	26442	$3.70

Sellers (Offers)

Price($)	Vol.	No.
$3.71	292	1

View Market Depth

No.	Vol.	Price($)
2	26442	3.700
1	8234	3.690
2	4771	3.680
2	13992	3.670
2	12394	3.660

Price($)	Vol.	No.
3.710	292	1
3.750	29389	1
3.760	8136	3
3.820	18000	1
3.850	27134	2

Last trade - 16.16pm 28/07/2025 (20 minute delay)

EMR (ASX) Chart

Ann: Emerald to Cornerstone Golden Horse Minerals Dual Listing, page-4

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Emerald to Cornerstone Golden Horse Minerals Dual Listing, page-4

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News