Care and maintenance does not really align at all with the reason for the bid, which was to get EMR a domestic gold operation as the fact that the existing gold operation was entirely off-shore in Cambodia was seen as a depressor on the SP. They now have the ability to ramp up a 1M ounce domestic gold operation assuming drilling pans out. The board has already indicated their intention to begin a 96KM drilling program in the coming weeks.
Would be interesting to see a note from some of the brokers on how they view the situation as it currently is.
Ann: Recommended and Unconditional Takeover Offer Now Closed, page-7
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Last
$3.82 |
Change
-0.230(5.68%) |
Mkt cap ! $2.506B | |||
| Open | High | Low | Value | Volume |
| $3.96 | $3.98 | $3.82 | $5.615M | 1.450M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8858 | $3.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.87 | 23421 | 5 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| EMR (ASX) Chart |