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7.14%

4.5¢ emmerson resources limited

I agree we are way over sold but my point remains the POG will...

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JimmyRabbit

1,665 Posts.

143

02/01/24

10:09

Post #: 71687862
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Originally posted by X-terra: ↑

JR, I think POG will have an impact on ERM's SP.
If imminent drill results are as decent as last results, I'd envisage the SP will head north to around mid 7's and maybe more.
Currently ERM is way over sold and has sat at this bottom level for a while now and IMO offers very good value and entry for upcoming announcements.
TCMG plant is certainly the ace in the hole to catapult into production and generate a cash flow, and current / future POG will impact trading here well above current levels.
GLA

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I agree we are way over sold but my point remains the POG will only start to impact the SP once we look like actually producing gold.

With the mill once again overdue hopefully we might get to that point in 2024

ERM Price at posting: 5.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.5¢		Change 0.003(7.14%)		Mkt cap ! $24.51M

Open	High	Low	Value	Volume
4.3¢	4.5¢	4.3¢	$1.717K	39.8K

Buyers (Bids)

No.	Vol.	Price($)
2	97028	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	219600	1

View Market Depth

No.	Vol.	Price($)
2	97028	0.042
2	75165	0.041
2	168000	0.040
1	6444	0.039
1	150000	0.038

Price($)	Vol.	No.
0.044	219600	1
0.045	47200	1
0.046	35000	1
0.047	40000	1
0.050	31046	1

Last trade - 10.27am 06/06/2024 (20 minute delay)

ERM (ASX) Chart