EMR 0.86% $3.46 emerald resources nl

announcement, page-15

  1. 2,194 Posts.
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    I'd agree with that Swatchy, but I'd still like to know why Avanti didn't close the deal. The outline of the EMR/P&J deal certainly looks very good, but it would take time to become self funding. EMR also have other cash calls coming so I would prefer to see a funding arrangement come through reasonably soon. Certainly better terms would be great, but the proposed Avanti terms were quite favourable anyway.

    I also like the comfort of the funder's due diligence backing our views as currently the only assessment we have is EMR's.

 
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