imo fizzgig gave the most sensible answer to that..
https://hotcopper.com.au/threads/an...3512280/page-26?post_id=25625679#.WYe65Yh9600
The current price has been set around 2.0-2.2 by CR holder as they off load approximately 90 million shares which should be nearly done. Once first gold is produced shortly the price will move up. There may be a quick drop to ~1.8 if a trader attempts to trigger stops to collect shares and then push up to around 4.0-5.0, even further. Update on the underground will push it further up.
Get a better idea on value once the first recovery rates come out.
Basically erl are damn close to producing gold and the share price then reflecting the revaluation of the company. It's just a waiting game.
imo fizzgig gave the most sensible answer to that.....
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $2.226M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $40 | 20.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 17415245 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 7983800 | 10 |
View Market Depth
| Last trade - 12.26pm 03/05/2024 (20 minute delay) ? |
| ERL (ASX) Chart |