ELE 0.00% 0.5¢ elmore ltd

From first samuels website - Indiore advised that it has...

  1. 130 Posts.
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    From first samuels website -

    Indiore advised that it has insufficient ore to process through its Phase 3 process plant. The company has cancelled the Phase 3 project, and initiated an independent review of the Phase 3 project’s approval and go-ahead process. This is a very disappointing development. The company is in a trading halt until 28-Feb-19, with a further announcement expected then.

    We will monitor the outcome of the independent review, and review the company’s proposed way forward, before making any decisions regarding this investment.

    Indiore was a smaller weight in your equity portfolio. (Such investments are often progressed in a measured way – with an initial portfolio weight usually not exceeding 3% - then exposure increased as the company develops and grows.) Even as a smaller weight, this is still a disappointing and unexpected outcome
 
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