ERM 3.33% 6.2¢ emmerson resources limited

Ann: Placement and Strategic Alliance at Tennant Creek, page-6

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  1. 352 Posts.
    lightbulb Created with Sketch. 15
    Botched the announcement?

    They negotiate one of the largest deals in their operating history, which represents a significant shift in valuation of their/our business,, and you choose to pinpoint a possibly 'botched' announcement. If they did, big deal. No pleasing some.. Some people always see the glass half empty. Seeing it half full has worked for me in the past,, so I'll stick with that perception.

    Look at some of the issues they've been negotiating,, not exactly your average 'organising drinks at a brewery' kind of scenario. And I'm sure there's more to come.

    I'm happy for the market to take their time to catch on... otherwise at current valuation we could also look forward to takeover activity.. $30m market cap.. and how much gold they have?

    I'm waiting for someone to do a decent valuation... I get to at least 3 times current and lose count??

    Anyone else willing to take a crack?

    I think that would be more productive and enlightening, than discussing an announcement that we're trying to second guess.
    Last edited by Quirkus: 06/09/18
 
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