EMR 1.53% $3.85 emerald resources nl

Who wants to be a Millionaire?, page-118

  1. 528 Posts.
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    The issue I see with the next 1/4erly AI is that the cash position will "probably" be severely depleted from the last report. Now, you, me and everyone else around here will know where that has gone but will the new investors fronting up understand that. A market cap of ~$300-$320Mil looks OK with $75Mil in cash but will the market accept that if we've burnt a fair whack of it?

    Of course some gloss in the next report would be handy to smooth over a depleted cash position!
 
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