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5.77%

5.5¢ emmerson resources limited

Ann: Intersections of Bonanza High Grade Gold Plus Visible Gold,EVN-ERM.AX, page-49

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munchy

397 Posts.

9

31/10/16

19:00

Post #: 20262422
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Originally posted by JimmyRabbit ↑

"early exploration results of "this magnitude" take some time to sink into Mr Market's grey matter" It seems to have been what has happened the last couple of times - 1st day plenty of volume but treading water then we get some traction later in the week as things sink in.

I agree with the majority of you post about how this exploration phase is treated but just can't see how it could be argued in anyway this result had been built in to the SP.

I would also add this "excitement phase" has been going on for quite some time now - if you look back to the Goanna/Monitor find 5 or 6 years ago now this stock has consistently announced quality drill results and seriously increased its known resources with very few misses and yet we are still 3.5c below its original listing price (so it could be argued Mr Market hasn't factored in any of the drill results in the history of the stock) - so I don't mind you being derogatory to Mr Market at all - seems he is much more interested in day trading and charts than long term prospects and fundamentals.

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'are still 3.5c below its original listing price (so it could be argued Mr Market hasn't factored in any of the drill results in the history of the stock)'

Or...maybe it listed too high?

ERM Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.003(5.77%)		Mkt cap ! $29.95M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.5¢	$205	3.724K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	16276	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.053
2	29800	0.052
1	50000	0.050
2	79375	0.048
1	21000	0.046

Price($)	Vol.	No.
0.055	16276	1
0.056	22603	1
0.057	149813	1
0.058	250000	1
0.060	58683	2

Last trade - 15.37pm 31/07/2024 (20 minute delay)

ERM (ASX) Chart