GonaBeBrokeSoon.
EMR strategy is all about increasing volume of gold production, not selling out...ie being a new producer in Oz via Bullzeye, and ongoing development of Cambodia. Although there was a rumour in one newspaper article some time ago that there might be a buyer for the cambodia mine, if they sold, what would EMR being doing for the next 12-18 months ? They certainly wouldn't be producing any gold, assuming they get Bullzeye across the line, it will be at least 18 months before it knocks out any gold. So what happens the SP of a gold producer that stops producing gold, so no incoming money, and all outgoings for the drilling and then the building of a processing plant ?
The rumour of them selling is likely unfounded, and only slightly more credible if the rumour of them also buying another production was also true, in which case no dividend from the sale.
GonaBeBrokeSoon. EMR strategy is all about increasing volume of...
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Last
$4.17 |
Change
-0.055(1.30%) |
Mkt cap ! $2.709B | |||
| Open | High | Low | Value | Volume |
| $4.15 | $4.18 | $4.11 | $629.5K | 152.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 12665 | $4.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.17 | 4888 | 20 |
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| Last trade - 12.30pm 01/11/2024 (20 minute delay) ? |
| EMR (ASX) Chart |