There is nothing to fix, I hold EER so don't take it the wrong way, but the JORC basically told us we have a shit-load of low quality coal, do some logical thinking. They own a massive coal resource but until they actually start ripping it out of the ground, be it 20mtpa or 1mtpa, their cash-flow remains the same, with the Noble group grabbing a larger portion, around 31% or so to my knowledge, EER is going to find it harder to initialize take over opportunities.
IMO, play with the pump and dump that is happening, make some easy cash or use it to recoup your losses if you bought in around the 50-60c mark thinking the JORC would push it past $1.
Otherwise, hold and wait, their is a big future, especially in their northern mine, but that's on the horizon, not next week. :)
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- gap closed & support on 50 day ema at 39.5c
There is nothing to fix, I hold EER so don't take it the wrong...
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