re: Ann: Further Assay Results Confirming Ext... The sp of $1.70 is very good for only sylvinite assay results of 6 holes announced. There are 10 more holes to go, plus carnallite assay results are pending.
JORC is coming soon as well.
I think we need some patience if we are long term investors. I can't say anything for the short term investors. People will normally buy and sell this stock. There will be good days and bad days. There is nothing abnormal about that.
I am not selling anything.
See today's news. Riversdale Mining (RIV) has received $3.9b takeover bid from Rio. Riversdale mining has coking coal mines in Africa. The SP was only 45c 5 years ago. It is $16.50 today. Not a bad profit isn't it.
RIV is using similar mining techniques for coal extraction (at 200-600m depth) in their coal mines in Africa (twin declining tunnel which ELM is planning to do the same.
Good luck and patience for more results
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