EM2 6.67% 5.6¢ eagle mountain mining limited

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

  1. 2,995 Posts.
    lightbulb Created with Sketch. 249
    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
 
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(20min delay)
Last
5.6¢
Change
-0.004(6.67%)
Mkt cap ! $22.00M
Open High Low Value Volume
5.9¢ 6.0¢ 5.6¢ $48.85K 852.3K

Buyers (Bids)

No. Vol. Price($)
1 150000 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 162542 3
View Market Depth
Last trade - 13.38pm 07/06/2024 (20 minute delay) ?
Last
5.9¢
  Change
-0.004 ( 1.72 %)
Open High Low Volume
5.9¢ 6.0¢ 5.7¢ 367979
Last updated 14.13pm 07/06/2024 ?
EM2 (ASX) Chart
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