something is wrong and we will be the last to know. but there must have been consistent selling by people closer to the action.
I believe it has something to to with funding from JV Partner Ivanhoe Aust where Peter Reeve WAS (until recently) MD. A headline from AFR back in April
20 April 2012 | Luke Forrestal
PRINT: 20 April 2012 | PAGE 1 | Takeover talk after Ivanhoe exit
Ivanhoe Mines is expected to step up efforts to sell secondary assets – including a 59 per cent stake in locally listed Ivanhoe Australia – after controlling shareholder Rio Tinto agreed to provide it with more financing and made a raft of board changes.
This date roughly corresponds with start of decline of ERM sp.
I'm guessing but maybe IVA will now be taking a different and less benevolent attitude to ERM.
The assets of ERM still sound exciting but without good funding it all comes to nothing.
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Last
5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.32M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 5.2¢ | $520 | 10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19199 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 240 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19199 | 0.052 |
1 | 30000 | 0.051 |
2 | 33467 | 0.050 |
1 | 59375 | 0.048 |
1 | 210000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 240 | 1 |
0.054 | 100000 | 1 |
0.055 | 147851 | 1 |
0.057 | 34800 | 1 |
0.058 | 250000 | 1 |
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