Australia's largest stock trading and investment forum Australia's #1 stock forum

ELE

Click for more information

0.00%

0.5¢ elmore ltd

Ann: Strategic EPC Cooperation Agreement, page-356

First 356 Last

Share
Profile

Follow
niako

2,501 Posts.

19

04/07/17

16:27

Post #: 25659861
Share

Originally posted by Floater ↑

I don't understand why there's so much talk of a CR... don't lose sight of the facts.

1. The options sold last year generated millions which would not have all been spent (hopefully) and that was to fund the 3rd plant.
2. The latest FNN Interview with Cedric he outright states the company is in a very good cash position.
3. If the talk of the Chinese is how it's reported here then they would strike an EPC (engineering, procurement and construction) deal that would include obviously those costs and some financial deal will be currently made re the profits.
4. They're currently producing and getting even pre-payment. They have outstanding orders to fulfill so an income albeit not as big as they want is heing generated.
5. Running costs are so low in comparison to Australian running costs so we can't compare apples with apples. They're continuing to employ all the time and expand operations there's no stoppage there so there must be a cash flow.

I can't see why it necessary to have a CR unless it was to acquire land and that's probably best done thru a bank or an investor.

Expand

Note to self: unqualified rumors or CR and bot trades attempting to lower the sp price, buy more.

NSL Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Emerald & Azure score Digger & Dealer awards

Bitcoin: Current State of Play & Where to Next | Swyftx

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

SVL

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

There are more pages in this discussion • 28 more messages in this thread...

First 356 Last

Add ELE (ASX) to my watchlist