sentiment in the sector is low, it is a risk-off environment.
risk-capital is hard to come by, and Argentina is, well, not exactly blue-chip in terms of investment stability.
If EHR think they are going to issue preference shares at 10c when the market price is 0.6c, then TH needs medication.
EHR can barely afford to keep the lights on in Adl, let alone drill 4 holes.
Then there is the BS about "only need 10% more" in terms of funding. When this "only" is twice your market cap, you are not as close as you may think. Again. Ok, prospects. Ok future. And the market is valuing EHR fairly, for now. IF, EHR achieve something tangible, then the market will respond, but TH's yarns are not going to do it. That is for sure.
EHR Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
