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3.6¢ east energy resources limited

Company is all but finished in my opinion. Will have circa...

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Valin

6,072 Posts.

19/02/15

18:57

Post #: 14786282
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Originally posted by johnno261 ↑

Now is the time to be accumulating in particular Coal plays with near to world class resources and boards that will survive this current trough. EER at these current levels is an absolute bargain on the asx. Only a matter of time and the market will wake up to EER..Indeed a resource of 3.4billion tonnes is nothing to be sneezed at and exactly, the upside and time on your side will be way too huge to overlook.Grateful to have accumulated below where we are currently at.

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Company is all but finished in my opinion. Will have circa around $200k by end of this quarter and/or $17 million or thereabouts in debt. How the ASX has allowed this company to remain listed is beyond me. It's not a going concern in my opinion. If you can salvage anything here, sell and let it be a lesson learnt. Something is better than nothing.

EER Price at posting: 1.5¢ Sentiment: Sell Disclosure: Not Held
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