Given that both RNS and EMR are in a trading halt. My theory is that Emerald Resources are either going to withdraw from the Okvau JV, change the nature of the JV agreement, or acquire the remaining 49% interest from RNS. We will find out before start of trade Wednesday. So not much time to wait.
Given that EMR has 1. entered into a JV agreement, 2. commenced a significant exploration programme, 3. changed their webpage + had broker reports cover them. Looks like the latter may happen? but who knows. Sit tight and we shall see.
Sil.
RNS Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
