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5.0¢ eastern metals limited

thank the board.bob thinks he’s better than he is.poor decisions...

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TheEndTimes

1,301 Posts.

297

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 5.0¢		Change 0.000(0.00%)		Mkt cap ! $4.121M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	270000	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	40000	1

View Market Depth

No.	Vol.	Price($)
2	270000	0.045
1	100000	0.040
1	25000	0.038
4	71268	0.036
3	728571	0.035

Price($)	Vol.	No.
0.040	40000	1
0.042	20000	1
0.044	100000	1
0.045	11000	1
0.050	140000	2

Last trade - 16.16pm 17/05/2024 (20 minute delay)

EMS (ASX) Chart

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