ELE 0.00% 0.5¢ elmore ltd

I thought the company's position is that they might get a first...

  1. 193 Posts.
    I thought the company's position is that they might get a first shipment out by the end of the year.

    They are, as far as i can gather, spending money on equipment to improve the ore they are getting out of the ground and to increase production, so they can make that shipment.

    I would have thought an "investment" would have to involve an injection of Chinese capital in exchange for something like guaranteed supply from the mines or guaranteed supply at a particular (discounted) price.

    I understand the company is looking at a third mining prospect, but the trading halt request does not refer to any material acquisition so I would have thought that is ruled out at this stage.
 
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Currently unlisted public company.

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