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0.5¢ elmore ltd

But in the same sentence, "funding is not needed now".

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253 Posts.

133

21/04/22

10:05

Post #: 60947989
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Originally posted by J.W.Pepper: ↑

I would say its in relation to yesterdays ann. -

"The key points of the new contract are:  Elmore will fund and manage all remaining elements required to design and license the initial mining areas, starting at Northcote, West of Cairns.  Elmore will provide, at no cost though retain ownership of, a moveable processing plant.  Elmore will provide up to $2 million working capital after licencing has been finalised and the plant is established (this funding is not needed now).  Elmore will manage all mining, processing, and product sales."

It will probably be only offered to sophs IMO, retail are too slow & sloppy to get money out of and it will probably be raised at around 0.034 (20% off 5 day VWAP) or 0.036 (15% off),

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But in the same sentence, "funding is not needed now".

ELE Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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