It's not like you have lots of options, but I think you've made the best decision not putting any more money into EMG. If they are going to hold only $700K cash it's just a shell. That iron ore project they've acquired is not a company maker.
I guess you can go one of three ways:
1. Quit them on re-open for around 1c (or wherever you think they will start selling pre-open).
2. Set a sell price around 3c-5c and hope the price spikes to that level at some point after re-open. I think 5c is wishful but you just never know.
3. Hold for a longer period, hope for an increase in SP over time, could it hit 10c? With 150m shares on issue it's a market cap of $15m. Maybe.
Good luck!
It's not like you have lots of options, but I think you've made...
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $216.1M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 29.5¢ | $338.8K | 1.127M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 424950 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 58674 | 4 |
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| Last trade - 14.19pm 26/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |