ERA 2.63% 3.9¢ energy resources of australia limited

"takeover possible", page-37

  1. 1,815 Posts.
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    Issues that a cash raise wont fix

    1. Costs them more to mine U308 than they can sell the U for
    2. Owe the banks a lot of cash which would be part of why they are doing this cap raise
    3. They are spending far more than thehy are earning every month
    4. How much to get the flood waters out of the mine ot start some decent production?

    All problems may well be gone in time but why stay now? Buy later after they sort their issues out i say. No matter what your losses you can use your proceeds to buy in cheaper i think. This will bottom out in the $150-$2 area for a few months at least imo before it goes north on news

 
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