Eastern Iron limited MC:$4.26m SOI:473,685,434 Cash:342K EV:$3.96M
The reason why i'm long EFE is that: -shareholders currently hold 73% of the registry, so only limited free float available
-Currently have Eddie King as Non-Executive Director. Eddie is know as a deal maker who is in companies such as EUC which went from 0.001 in October 2016 when he joined to 0.26 (26 bagger) in October on 2017 and also SI6 which has multi-bagged already this year from a low of 0.001 to 0.016 (16 bagger)
-Although EFE has rise from lows of 0.003 to a high of 0.012, it is currently looking for an acquisition and is currently in talks with a third party with the view to acquire a mineral exploration project however that is still ongoing.
