ERW have been spruiked by an "investor club". Wait for the dump.
Errawarra Resources Ltd (ERW.ax)
As those members since March are aware, we first called it a bit over-ambitiously, as we had agreed we could do a placement for members and then put a deal in. But as so often with sod’s law, things changed just after we called it. Nevertheless, with a tiny $7 mill cap, $4.5 mill cash and $4.5 more coming from expected options conversions, this tight, well-cashed-up shell company is cheap as chips here.
We are also aware that moves are progressing forward to hopefully inject a most prospective new project into it which we believe should cause this stock price to take a nice move northwards. This is high on our buy list.
