Top 20 shareholders control 81% of the shares, sp has been double in 12 trading days with total volume of around 19% of the total shares (31m).
Support from Noble Group (30% holding), Potential takeover bids for BND, Strong demand from India, Imminent resource upgrade, Long term perspective for coal is positive as increasing prices of crude oil and aftermath of nuclear crisis, EV is just shy of $100m.
I can't see any downside for EER at current price level.
Any analysis based on concrete facts will be much appreciated.
EER Price at posting:
61.0¢ Sentiment: LT Buy Disclosure: Held