daytrades feb 18 morning ..., page-28

Tweets

MOU to acquire 45% working interest in approximately 60,000 acres of highly prospective Niobrara Shale acreage in Colorado and Wyoming from New Frontier Energy Inc for $US10 million cash and the equivalent of $US5 million in EMR shares.

Last quarterly showing 1.5mil cash

Expect a CR of $15mil ($10mil cash for payment + $5mil working capital)

EMR has CR hanging over its head.