They don't mine the pockets of shareholders which is pretty typical in the junior sector. They are pretty clear in what they are aiming to do. If you got trapped post sell down of EME you would still have been sitting on a solid pile of cash from the distribution.
Bigrlyi was acquired for about $32k rolled into EME and onsold to China Guandong Nuclear for around $70m. Apart from Gilt Edged Mining NL (at the very beginning if memory serves) AHR ALY EME GTE have all been spun out with opportunities to trade out of them if you took the opportunity was taken.
I bought back in late last year for the first time since EME was taken over.... a little late but not too late but then again stock is hard to shake loose as it is tightly held.
I believe they play to their strengths and recognise that taking a project to development requires a different skill set, deep pockets and appetite for a different kind of risk.
JRL Price at posting:
90.0¢ Sentiment: None Disclosure: Held
(20min delay)