Long-term debt to equity ratio was much higher with a smaller market capitalisation a bit over three years ago. A big difference now is that drills have poked around and identified what's in the ground, which is a substantial increase. Unfortunately when it is in the ground it can't be considered an asset on the books so it looks bad to carry higher long-term debt even though the ratio to shareholder equity is lower than years ago.
The MRE will be decent, but the price of copper will ultimately determine the profit point for this project to kick off into mining. Is it high enough at the moment? Will EM2 pull a Chalice and prop up some insane projected prices to stir up interest? We will find out in the coming quarter.
I am a blatant upramper.
Ann: September Quarterly Report and Appendix 5b, page-46
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Last
6.7¢ |
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Mkt cap ! $26.32M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.9¢ | 6.6¢ | $87.50K | 1.311M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 546500 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 62262 | 1 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
6.6¢ |
Change
0.000 ( 3.23 %) |
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| Open | High | Low | Volume | ||
| 6.8¢ | 6.9¢ | 6.6¢ | 688956 | ||
| Last updated 15.58pm 24/05/2024 ? | |||||
| EM2 (ASX) Chart |