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
$3.49 |
Change
-0.140(3.86%) |
Mkt cap ! $2.287B | |||
| Open | High | Low | Value | Volume |
| $3.53 | $3.54 | $3.47 | $9.553M | 2.731M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 67598 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 13058 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$3.49 |
Change
-0.140 ( 4.21 %) |
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| Open | High | Low | Volume | ||
| $3.52 | $3.54 | $3.47 | 328934 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| EMR (ASX) Chart |