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.
EMR Price at posting:
$1.18 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)