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0.3¢ empire resources limited

Ann: Kalgoorlie - Emerging Gold Producer - Pennys Find Mine, page-121

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malay

11,004 Posts.

1758

05/09/17

08:08

Post #: 26994903
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Originally posted by OldCar ↑

Im still holding like most others it appears. What a painful and frustrating journey with this crowd. Classic example of why geologists shouldn't be allowed to run mines, just find them !. At least the risk of delivery has been lowered significantly now. Short of the ore not delivering the projected grade over the next months then the project should get close to its projected $6-7M of free cash by time its finished later this year / early this year. Therefore future cash at bank plus UG reserves should be reflected in share value irrespective of managements ability to trip over their own shoelaces. 6-7 cents shouldn't be out of the question hopefully ? Yes / No ?

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You are absolutely correct, OC. At BGS they turfed out the CEO who was a geologist and the SP has recovered somewhat. They could be good in what they do, that is look for the raw material, but not good administrator or business people. ERL is taking all day to do a small job.

ERL Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $4.452M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$150	50K

Buyers (Bids)

No.	Vol.	Price($)
7	7870287	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	12701991	12

View Market Depth

No.	Vol.	Price($)
7	7870287	0.003
21	38673694	0.002
17	42399829	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	12701991	12
0.005	628800	3
0.010	100000	1
0.017	58823	2
0.000	0	0

Last trade - 15.28pm 30/05/2024 (20 minute delay)

ERL (ASX) Chart

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