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
5.0¢ |
Change
0.002(4.17%) |
Mkt cap ! $4.121M |
Open | High | Low | Value | Volume |
4.7¢ | 5.6¢ | 4.6¢ | $280.3K | 5.635M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 50000 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.4¢ | 122811 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 50000 | 0.045 |
1 | 50000 | 0.044 |
1 | 150000 | 0.041 |
1 | 263131 | 0.038 |
1 | 400000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 122811 | 1 |
0.055 | 100000 | 1 |
0.057 | 30000 | 1 |
0.058 | 100000 | 1 |
0.059 | 500000 | 1 |
Last trade - 15.43pm 24/05/2024 (20 minute delay) ? |
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Last
5.0¢ |
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Change
0.002 ( 4.17 %) |
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Open | High | Low | Volume | ||
4.7¢ | 5.6¢ | 4.7¢ | 749969 | ||
Last updated 15.39pm 24/05/2024 ? |
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