There is almost no trading in this company - seems like price spikes or drops as soon as anyone buys or sells any shares at all Market cap $787k - assets of $2m - doesnt look like any news - no idea what they are exploring but the exploration assets listed as $1.66m??
Extract from the Half Yearly report below -they either need to raise capital or have a successful exploration
"The consolidated entity’s ability to continue as a going concern is contingent on raising additional capital and/or the successful exploration and subsequent exploitation of its areas of interest through sale or development. Should the consolidated entity not achieve the matters set out above, there would then be significant uncertainty over the ability of the consolidated entity to continue as a going concern, and, therefore, it may have to realise its assets and extinguish its liabilities, other than in the ordinary course of business and at amounts different from those stated in the half-year financial"
You can probably make some $$ buying in, but then probably lose it again when you sell unless anything happens in between! Good luck Frank1
ERX Price at posting:
6.0¢ Sentiment: None Disclosure: Not Held
