EMS 0.00% 1.9¢ eastern metals limited

So much potential ...

  1. 164 Posts.
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    Hi @sherman, I'm sorry to read your last couple of posts and have a very different take on things. I see EMS through a different lens:

    Market cap of ~$2.5m, cash at bank of ~$1.5m, EV of ~$1m.
    Excellent projects that will take time to be worked up to their full potential (as most do!).
    A good, broadly skilled Board to deliver on the above.

    Now, would I like the share price higher - absolutely. I invested in the IPO and the recent rights issue so I'm underwater, but I believe there's excellent potential for a really good re-rate here as the projects advance. So, for me there's a buying opportunity while market conditions are difficult (and they are now), but patience is needed.

    EMS's resource inventory for Home of Bullion as extracted from the latest quarterly below. That deposit is open, as is Browns Reef. Market cap ~$2.5m. So, so much upside.

    https://hotcopper.com.au/data/attachments/5924/5924092-8d1d8fa8544db1f2af622b2ebc360f51.jpg
 
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Mkt cap ! $2.159M
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Buyers (Bids)

No. Vol. Price($)
3 425293 1.9¢
 

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Price($) Vol. No.
2.0¢ 230500 2
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Last trade - 16.12pm 01/11/2024 (20 minute delay) ?
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