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12.0¢ exore resources ltd

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Kalenn

10,591 Posts.

6069

30/03/20

08:43

Post #: 43767256
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Originally posted by bruham: ↑

The coronavirus has be found in northern parts of Africa.
No African nation other than South Africa has any hope of controlling this virus.

So it will go through all those African countries taking tens of thousands of lives with it.
This is why ERX is in trouble.
The management, the Aussies, will soon be running for the doors (coming back to Australia, if they aren't already),
leaving their loyal workers to take it on the chin.

I don't believe ERX will survive this crisis.
Once the Australian's leave that will be the end of ERX.
It's probably management selling their shares for what ever they can get.

"If it weren't for bad luck, i would have no luck at all"

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Your knowledge of Africa seems to be as faulty as your deductions about ERX.

South Africa would be towards the bottom of my list of countries within Africa to sit out the Corona19 crisis. I think Botswana would be my first choice.

In the meantime I am not at all concerned about the ongoing viability of ERX. There will undoubtedly be some delays but drilling will resume as will the discovery of further resource.

ERX Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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