EM2 0.00% 5.2¢ eagle mountain mining limited

Yes it does look great. Though the trading this week suggests...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,039 Posts.
    lightbulb Created with Sketch. 253
    Yes it does look great.

    Though the trading this week suggests that 1 of 2 things are at play here or both.

    1. Capped under 6 cents due to a CR or some other cash transaction that's in the pipeline and the magical number is 6 cents

    2. Another large holder is happy to take a considerable loss.

    A few times this has been primed to go back above 6 though been smacked back every time 6 is bid and then sold down.

    Patience is needed here as when the stars align this will fly quickly. Too many positives for it not to once cash is sorted.

    Best outcome for shareholders is a BAss loan though I think the market will see this as an ongoing problem.

    CR at 6 will be heavily dilutional as a 6mil injection is what's need to see us through 2024 and the rest of the background planning works.

    Just my thoughts

    Cheers
 
watchlist Created with Sketch. Add EM2 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.