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8.82%

3.7¢ eastern metals limited

Ann: Austex Presentation 4 September 2023, page-5

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TheEndTimes

1,370 Posts.

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25/09/23

11:03

Post #: 70008128
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Originally posted by big_bad_bossman: ↑

I thought the same at 7.5c on the basis of the asset quality.

It has since halved due to a massively diluting rights issue and poor strategy.

Even the bargain basin rights issue investors are down 30%. The decision by shareholders not to participate was fully vindicated unfortunately.

The ongoing problem is a lot of unhappy IPO shareholders that will provide ongoing sell side pressure along with the wall of 10c options.

It is hard to fathom how poorly this has performed.

Regrettably it is entirely conceivable, indeed probable, that another diluting capital raise may be in the wings in the not too distant future or an acquisition which proves to be of poor value entered into in desperation.

It will take some significant results to float this sunken hulk.

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thank the board.bob thinks he’s better than he is.poor decisions have led to this.assets aren’t bad.it’s the people steering the ship.

EMS Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.7¢		Change 0.003(8.82%)		Mkt cap ! $3.657M

Open	High	Low	Value	Volume
3.5¢	3.7¢	3.5¢	$3.842K	105.2K

Buyers (Bids)

No.	Vol.	Price($)
1	14492	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	20300	1

View Market Depth

No.	Vol.	Price($)
1	14492	0.035
4	181839	0.033
4	483731	0.032
3	581613	0.031
2	60000	0.030

Price($)	Vol.	No.
0.037	20300	1
0.040	25000	1
0.041	70189	1
0.042	40000	1
0.043	69998	1

Last trade - 14.54pm 07/06/2024 (20 minute delay)


Last 3.7¢			Change 0.003 ( 12.1 %)
Open	High		Low	Volume
3.7¢	3.7¢		3.7¢	20300
Last updated 14.34pm 07/06/2024 ?

EMS (ASX) Chart