Plant continues to hum. Wonder if they can replicate June more often, as that would really mean things are humming. Decent cash build considering they paid off a further $4.9m USD ($6.7m AUD), meaning free cashflow of $14.3m. Getting very close to being net cash, with debt sitting at approx $73m AUD. Just $15m AUD to go, which could well garnered this quarter.
Exploration locally seems to be seeing some success, after I think most would agree, fairly average results to date. Main pit looks like it will surely see a further expansion?
EMR seem to have a very large amount of patience in regards to the debt facility they have available to them.... perhaps they will never use it.
EMR Price at posting:
$1.02 Sentiment: Hold Disclosure: Held
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