ELE 0.00% 0.5¢ elmore ltd

Hi BarneyThat could explain the weakness over the last couple of...

  1. 581 Posts.
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    Hi Barney

    That could explain the weakness over the last couple of weeks. Makes you wonder, when Flinders Mines came out with their "potential resource" of 300 million tonnes they went from a market cap of $3 million to $200 million on nothing more than a couple of rock chip samples. That was 2 years ago and they are probably another 2 years away from mining.

    Here we are digging the stuff out of the ground and already sold 200kt and nothing. Even when they were looking at the Austind merger we had a market cap of $250 million at the peak. Makes you wonder what the market actually wants from this company now.
 
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