The price is now below the recent capital raise at 3.55 of $183 million where the take up was over 75 per cent by hedge and retail and the balance filled by instos
so people are throwing the baby out with the bath water here especially as the PFS purchase will be approved by April as long as it is approved which is highly likely according to Eml management
I bought in low 3.40s this morning and considering the Eml capital raise is a bargain considering challenger and greenscape were buying big again at the 4.80s
EML Price at posting:
$3.49 Sentiment: Buy Disclosure: Held
