elm bid , page-4

The re-rate of Colluli could come swiftly. Last time it happened in a few months. Lot of progress since then. With deal in place with Eritrean Government and this quality asset this company could be valued in hundreds of millions - well above ELM.

- a break of 50c would indicate serious buying
- a break of $1 would be game on

However, at the moment its just bouncing along the bottom near cash backing on a trickle of volume.