zinvestor, some contract views were not bad, at least explain why sp still stay at current level.
The intrinsic value of EER is much higher than $350m, personally, realistic value for EER in short-term and medium term will be over $500m.
A lot of coal explorers at very early stage, announced acquisition of coal licences or essay results, and their sp were double in a single day, market caps were in the range of $50m and $100m.
By contrast, EER has huge JORC-compliant resource and tight share registry. Noble Group holds a big stake of 30.46%. Noble Group also holds a stake of 8% of AKM, fully diluted around 5.5%.
zinvestor, I am a strong EER-believer as you are. I also believe, this investment is likely to easily beat Buffett's 26% compound annual return.
EER Price at posting:
61.0¢ Sentiment: LT Buy Disclosure: Held