ERM 0.00% 5.4¢ emmerson resources limited

It would appear that my post has been taken out of context. In...

  1. 1,130 Posts.
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    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.
 
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