Why, page-2

For what it is worth I can't see ERM taking off any time soon.

Its last results were at Edna Beryl (298M) 6.4m at 2.75g/t AU.

Although it was pleasing that they found gold at depth, the results did not move the market, probably because it was anticipated.

Now there next move appears to be into Rover, which is going to take some time to produce meaningful results.

In my opinion with no drilling results pending or anything exciting in the near term, there is little to attract investors.

Also I believe the wet season is going to be a factor in slowing things down.

I am expecting no great improvement in the share price in the near term, but am positive for the latter part of this calendar year.