Market sentiment for EMR appears to have been negative for a while now. Possibly not completely surprising given how well the SP has done in the past 12 months. But the serial shorter is also not being kind.
I feel We need a real top-line Oz update, which we know is coming in the next couple of weeks. What would shake it up would be a really sizeable EMR maiden reserve/resource. I'm talking about in excess of 1M oz of minable gold. A real cherry on the cake would be a statement to build a plant bigger than the cambodian one, say something for 150K ozs a year. That would send a message that EMR are confident that the Oz prospect is really very substantial.
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