Australia's largest stock trading and investment forum Australia's #1 stock forum

EM2

Click for more information

0.00%

5.0¢ eagle mountain mining limited

Not a chance it will be enough, no money, no equipment, or plant...

First 100 Last

Share
Profile

Follow
McKhenry

5,441 Posts.

901

15/09/23

00:17

Post #: 69865804
Share

Originally posted by mjshackl: ↑

If the SP keeps drifting lower, even raising a modest amount of money will start causing big dilution to the registry.

The company already owes CB a chunk of change in a loan which can be converted to shares, but the SP is well below the minimum conversion price.

If the company borrows another 3 million from CB, that's a big liability on the books.

The news flow out of this company is pitiful, an explorer lives on the basis of regular, positive news flow to keep investors engaged and interested. Will an updated MRE be enough?

Expand

Not a chance it will be enough, no money, no equipment, or plant and no mine

This will be finding it hard not to be a second time loser, who is going to tip money in?

EM2 Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

OJC

SPC to merge with Original Juice Co and Nature One Dairy

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 80 more messages in this thread...

First 100 Last

Add EM2 (ASX) to my watchlist

(20min delay)
Last 5.0¢		Change 0.000(0.00%)		Mkt cap ! $19.64M

Open	High	Low	Value	Volume
5.0¢	5.0¢	5.0¢	$12.20K	244.1K

Buyers (Bids)

No.	Vol.	Price($)
1	813	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	167500	1

View Market Depth

No.	Vol.	Price($)
1	813	0.050
4	263506	0.049
3	245833	0.048
1	100000	0.047
1	113000	0.046

Price($)	Vol.	No.
0.054	167500	1
0.055	88185	3
0.057	143208	2
0.058	100000	1
0.059	34000	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

EM2 (ASX) Chart