EMR only becomes potentially appealing to suitors when they are a domestic gold miner, so I agree with Fyfee.
I wonder what ever happened to those rumours from months ago that some chinese were interested in buying the Cambodian mine, I didn't see that as a goer to be honest. It would mean that for over a year, EMR would turn into a non-production company, with all outgoings and no incomings whilst they finalised the oz gold drilling and built a processing plant. I don't think the market would like the 12-18 months when EMR transtioned from miner to explorer.
Interesting, I wonder, once domestic production is well under way, whether being JUST a domestic producer is more appealing to potential suitors than having the Cambodian operation as well. Some might be put off from having an operations overseas in a country that they have zero experience/expertise it. On the other hand the low production costs of Cambodia are appealing.
I note that there were multiple actioned options today, all of which had a min of another year, and some nearly 2 years left to exercise
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$4.03 |
Change
0.210(5.50%) |
Mkt cap ! $2.611B |
Open | High | Low | Value | Volume |
$3.86 | $4.09 | $3.86 | $2.800M | 699.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 7847 | $4.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.03 | 2521 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 9438 | 4.030 |
18 | 40074 | 4.020 |
12 | 43017 | 4.010 |
11 | 135570 | 4.000 |
8 | 10016 | 3.990 |
Price($) | Vol. | No. |
---|---|---|
4.050 | 11106 | 13 |
4.060 | 30351 | 19 |
4.070 | 36276 | 19 |
4.080 | 167912 | 9 |
4.090 | 62909 | 12 |
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