ELE cap raise done shitty deal effectivley a 22.5% quarterly interest rate appears they had no where else to go.
However they are an iron ore producer with a 39 million dollar market cap . So money coming in the door . More to come as well as they work on getting gold and copper credits from the massive tailings stockpile and ramping up there Queensland project .
Very cheap company with income and more coming. Continue holding for mine.
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