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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3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.410M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 100000 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.9¢ | 198935 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.027 |
2 | 80000 | 0.026 |
5 | 300079 | 0.025 |
3 | 270876 | 0.024 |
2 | 1266722 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 198935 | 1 |
0.031 | 320433 | 2 |
0.032 | 272409 | 1 |
0.035 | 300000 | 1 |
0.040 | 202501 | 1 |
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