It would appear that my post has been taken out of context.
In short what I meant was that the daily movements in the price of gold will not encourage individuals to buy ERM or any other explorer whilst they are in the exploration stage.
As I believe I said, the price of gold will become an important factor for potential investors when and only when they have a sizeable deposit in the ground.
Therefore to summarise the price of gold is important once drilling results are in and have been considered compliant, then a valuation can be put on a company, I totally agree with that and never said otherwise.
Whilst we continue to be in the formative stages then no I do not believe that the price of gold will encourage investors to buy, what they are looking for is good quality drilling results.
I honestly think my statement is backed up by the price of gold now and the price of ERM.
Hope that clears up my point of view, like everyone else here I am no expert and do not pretend to be, just stating my opinion.
- Forums
- ASX - By Stock
- Next Drilling Report
It would appear that my post has been taken out of context. In...
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ERM (ASX) to my watchlist
|
|||||
Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.41M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.4¢ | $3.169K | 58.68K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 30362 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 17800 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30362 | 0.054 |
1 | 20000 | 0.053 |
1 | 19200 | 0.052 |
5 | 413564 | 0.051 |
5 | 509800 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 17800 | 1 |
0.056 | 58000 | 1 |
0.057 | 68481 | 2 |
0.058 | 115800 | 2 |
0.059 | 64946 | 1 |
Last trade - 15.08pm 03/07/2024 (20 minute delay) ? |
Featured News
ERM (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online