Possibly a little weighted in EVN's favour but considering ERM's position you couldn't expect much more, the market likes it so far for ERM but I dare say there will be some people taking the profit of the rights issue soon to cap the jump.
At least that's the first hurdle cleared for the year, now we need some good results for Chariot and cross the 300,000 ounces of gold threshold and look for production to get going - although no mention of funding for plant refurbishment,
That sort of money into exploration should get some good results pretty quickly though
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