dingyi have been signidicantly weakened, page-17

i'm a bit of the new kid on this block, and just asking why this stock which ran to cica $3.00 2011 is now trading at 20c again?

i observe the failed takeover 66c,

and looking at cash flows.

This convertible note has a maturity at july 2014 for 34c or 7%.

that means Dingyi elect to either convert their note into shares at 34c, or accept 7% on their loan.

A loan that may therefore need to be re-paid.

ELM only have 11.5m in cash last quarterly, and estimated cash outflows for next q are 2.47m

So it really pays to consider, what Dingyi will do if they are not allowed to takeover.

I dont know. But i suggest that there is a serious risk of a capital raising required.

Financials from comsec.

Shares on issue / Market Cap / SP
2009/06 - 65m /10m/15c (pre acquisition project)
2010/06 - 125m /44m/35c
2011/06 - 171m /289m/169c (2010-11 BHP takeover bid for potash corp attracts sector interest)
2012/12 - 289m /108m/37c
2013/12 - 303m /100m/33c

2014/05 - 303m/ 60m/20c

So the question is, why has the Euphoria 2010-11 returned to the MC of when the project was first acquired.

What have they acheived in terms of MC and SP advancing in the last 5 years.

It is all about SP. Shareholders pay SP. And they want their shares to rise.
In fact, the SP has been taken back to 2009 levels, before the project acquired.
???????

I'd say the mouse in the treadmill wheel is pretty skinny at the moment.