True, I don't think it's ideal having the 40% not held by EMR and to be honest, if EMR were not so keen on it, I would have thought sometimes it is best to walk away. Anyway, it is what is it for now. I have not really seen many outcomes like this. I wonder what other options EMR have to entice Bullseye holders to take up some sort of offer, except, by increasing the offer (which I think I would be against!). Perhaps as the drilling ramps up, and the costs start to drain those shareholders coffers, they will change their tune.
@tangey99 - sorry, but the Darlot mine is only 1mtpa, and.... old!
I was more thinking Bronzewing to the West, with its 2mtpa capacity, though... EMR are aiming for a large open pit development, so, the plant would probably have to be moved.... or... EMR will just build a brand spanking new one.
Nice to see EMR hold firm, compared to the sector which again fell.
Sprott Report 3rd Aug., page-6
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Last
$3.46 |
Change
-0.070(1.98%) |
Mkt cap ! $2.270B | |||
| Open | High | Low | Value | Volume |
| $3.52 | $3.54 | $3.45 | $2.730M | 781.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5637 | $3.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.47 | 10024 | 2 |
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