To complete the purchase of the Lonely Gold Mine, if the DD proves the mine to be a geniune producer, other than getting a genuine investor, EDM can also follow the same strategy of SMZ when it raised $96m to buy a mine from Lambert by consolidation to 30cps and reinvent itself to become AKI. AKI SP is 56c now.
I think @0.1cps, any ASX company that is a going concern is worth a bet. e.g. TDX had a dead cat bounce from 0.1 to 0.4, briefly.
As long as it is still breathing, don't bury your loved ones just yet!
JIMO
EDM Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held