EMR 4.43% $3.77 emerald resources nl

Ann: Ceasing to be a substantial holder, page-9

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    When we participated in the shareholders CR back in Dec 2018, just for interest I made a small sub routine on my spread sheet to track how the directors contribution/investment was going. Simon Morgan and Ross each invested $4,000,000 buying 13,333,333 (post consolidation) shares at 30c (post consolidation) Here is the calculation showing their profits on that investment alone. Not counting their total holdings.



    Number@CostValueProfit/LossPrice
    Simon Morgan Ross.13,333,333 0.3$4,000,000 $11,866,667 $7,866,667 0.89

    Each have made $7.9 million at todays price 89c atm.
 
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