ELE 0.00% 0.5¢ elmore ltd

cash cow which seems like a no brainer

  1. 6,161 Posts.
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    Todays announcement indicated we are now raming up quickly to 200,000 tonnes per annum, with buyers for the product lining up, and an indicated at least around $US60 per tonne gross margin. That meand $12 million per annum cash comimg in. Company has about out 350 million shares, which equtes to about 3.5 cents per share revenue for a 5 cent stock. Just amazes me its still in the 5 cent range. I am a long term holder
 
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