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3.51%

5.5¢ eagle mountain mining limited

EM2 Chart, page-82

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Jonnyash

1,310 Posts.

117

31/08/23

17:00

Post #: 69669772
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Originally posted by McKhenry: ↑

My chart is telling me this is going lower, 10c is broken and will need to find a new level of support. But unfortunately as time has shown, there is no support for this stock or its project, they have fluffed around for 2 years and done little in that period. They've failed to raise in better market conditions and at higher prices, and until they address this elephant now dominating the room, they will continue the slide. Unless by some miracle we can push through 15c, but given the performance over the past few years, many will race for the exits with any price spike.

In 2 years they have not significantly expanded the resource and have refurbished the mines underground infrastructure, with the latter being the most significant. There is still no clear pathway to folding or resuming production, so the market assumes a fold.

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Not folding, there is real potential for this company. They need to find direction and press ahead. It's the need for capital that's causing relentless selling. A raise will come soon but at what price...Good example of raising while SP is high is WA1...

EM2 Price at posting: 9.1¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 5.5¢		Change -0.002(3.51%)		Mkt cap ! $21.60M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.5¢	$36.49K	658.8K

Buyers (Bids)

No.	Vol.	Price($)
1	113635	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	30337	1

View Market Depth

No.	Vol.	Price($)
1	113635	0.055
1	350000	0.054
4	356000	0.053
2	355000	0.052
2	340000	0.051

Price($)	Vol.	No.
0.057	49553	1
0.058	50000	1
0.060	106868	2
0.061	34500	1
0.062	86089	2

Last trade - 16.10pm 01/08/2024 (20 minute delay)

EM2 (ASX) Chart