For mine this is a binary investment opportunity - if the reporting is sub-par then the shorters will easily power over the top and send it to ~70c, whereas if the report is strong, (noting there has been no update in guidance) then the shorters will need to scramble to cover ~14m shorted positions...Its not for the faint hearted with two parties views strongly polarised...EML has burnt all investor forgiveness/leeway with past performance so the market will react brutally on poor progress. The shorters are in position, its tough to bet against such a strong sentiment...but also where a lot of money can be made.
What’s needed to get $1.5, page-66
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Last
63.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $239.4M | |||
| Open | High | Low | Value | Volume |
| 63.5¢ | 65.0¢ | 63.5¢ | $461.8K | 719.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 28652 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.5¢ | 4910 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| EML (ASX) Chart |