ELE 0.00% 0.5¢ elmore ltd

i'm all for patience and am quietly waiting for an update. I am...

  1. 3,629 Posts.
    lightbulb Created with Sketch. 306
    i'm all for patience and am quietly waiting for an update.

    I am now resigned to the fact that they will have to publish something before 31 July from which maybe we'll have to infer where exactly they are up to. Given though they are targeting 350kt, that's about 1 ship per qtr. That is the clear management representation to the market which I think legally they must either honor or correct [on a timely basis] if indeed it is not true. On this basis then . any slippage on that might warrant a timely revision of forecasts and dismantling of previous bullish metrics.

    I am also a little surprised that they have not been managing the share price given what I expect will be a very precarious working capital position. Twill be interesting...

    lastly, even some talk about other aspects of the Peko project would be 'interesting' ... gold etc. recovery ex tailings; maybe some more commentary re licencing Territory Minerals QLD projects would kill some curiosity.

    have a great day.
 
watchlist Created with Sketch. Add ELE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.