ELE 0.00% 0.5¢ elmore ltd

Hi JoeI understand your sentiment (and nobody was sadder than me...

  1. 47 Posts.
    Hi Joe

    I understand your sentiment (and nobody was sadder than me watching the price retreat from 4.8 down to 3.2/3.3).

    Hopefully we will see information start to flow in the week leading up to the suspension of trading that will calm the nerves of the shorter term holders.

    Also people getting jittery regarding the consolidation. I wasn't a holder at he last consolidation so didn't feel the pain that some did, however, I am not too oncerned coming into this one due to NSL having two mines locked in that can turn a tidy profit in the not too distant future. Last consolidation I don't think they had a clear holding over anything - just an agreement with Iron Ore Hill if they got something up and running(but correct me if I am wrong as I didn't go back and read up on the full history). So I think NSL is in full control this time.

    Post consolidation price might fluctuate for a bit but the longer term direction will be upwards in my opinion.

    Enjoy your weekend :)
 
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