I participated quite heavily in the recent EMS rights issue and will be continuing to buy EMS in the future, especially at the current low price.
With a market cap of ~$2.5m, a bit shy of ~$2m in cash and excellent projects with resources and/or exploration targets identified, its a no brainer that the share price will eventually re-rate. What might that look like? Well, a market cap of $20m (which should be absolutely achievable in the short term) on current SOI would support a share price of ~$0.25. ~$50m market cap (and I'd suggest the projects support that now ...) on current SOI would support a share price of ~$0.50. You get the picture; this is inexact math but my point is the company is absolutely ripe for a really big re-rate as the projects are advanced.
For me, the Cobar Projects are a standout, go checkout the recent presentation ... including the sections on Browns Reef pages 8 and 9 etc. For those willing to be patient and see this through I expect it will be really rewarding.
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Last
3.5¢ |
Change
-0.002(5.41%) |
Mkt cap ! $3.459M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.5¢ | $12.41K | 340.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4723 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 35000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.034 |
5 | 1176838 | 0.033 |
3 | 327711 | 0.032 |
2 | 80000 | 0.031 |
1 | 40000 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 35000 | 1 |
0.038 | 100000 | 1 |
0.040 | 25000 | 1 |
0.041 | 20000 | 1 |
0.043 | 69998 | 1 |
Last trade - 11.30am 14/06/2024 (20 minute delay) ? |
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Last
3.5¢ |
  |
Change
-0.002 ( 5.41 %) |
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Open | High | Low | Volume | ||
3.7¢ | 3.7¢ | 3.5¢ | 50022 | ||
Last updated 10.54am 14/06/2024 ? |
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EMS (ASX) Chart |