ELE 0.00% 0.5¢ elmore ltd

Hi Joe,Yes sales is the only way for a re-rating of the share...

  1. 1,473 Posts.
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    Hi Joe,

    Yes sales is the only way for a re-rating of the share price. But first you need the ore dug out and benificated. It sounds like this is where the problem was, in the old contractors not being efficient enough for this to happen.

    Hopefully with Vijay having a 40% carrot dangling in front of them, they will have a vested interest in being efficient and getting the job done. It does sound like they are wanting to do this.

    Let`s all hope so anyway as this does have promise and opportunity written all over it. It all comes down to how well the Vijay contractors can work at running the procecess from minning to benificating to sales.

    Regards The Tinhopper
 
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