ELE 0.00% 0.5¢ elmore ltd

It would be nice to see this fly. Have been holding this for...

  1. 864 Posts.
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    It would be nice to see this fly. Have been holding this for quite a long time now and considering the estimates of what is in the ground this is an interesting exploration play. That said there is likely to be significant dilution if they do a capital raising to raise funds for any further exploration work. They still haven't gone to market with a Jorc estimate to the best of my knowledge. Mind you with recent increases in ore prices and a high content they won't have much establishing reserves IMO if they can manage to prove up some measured resources in the not too distant future with some further work.

    Like everyone else looking forward to positive news. Although anything not so positive could get hammered in this market!!

    DYOR
 
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Currently unlisted public company.

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