ERM 3.33% 6.2¢ emmerson resources limited

Ann: Large Porphyry Copper and Epithermal Gold at Kadungle NSW, page-45

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  1. 352 Posts.
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    JR , perhaps I left out a significant point, and not answered your question fully.

    Say I have over 50 million shares.. the current price is around 5c and I want to sell. (as it was)

    The CEO freaks and says ,, Quirkus , we've got great things happening, hang around.
    Quirkus says nup. You heard of the financial meltdown? We're closing up shop.

    Oh sht, oh dear, what about we try to find a buyer off market for your 50m shares..?
    Well, how much you reckon we'll get?

    Um,, I'll see if we can get 4.8c , that way you'll get a good deal, and the market cap won't get crushed.

    Quirkus says,,, um, nup,,, if you've got great things happening,,, I'll stick around a little bit, and I'll probably average somewhere between 7 and 12c.. double what you're offering me if I sell into the inevitable rallies when your "great things" start to occur..

    Whose side would you take if you had $3m in shares?
    Last edited by Quirkus: 26/07/17
 
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Last
6.2¢
Change
0.002(3.33%)
Mkt cap ! $27.23M
Open High Low Value Volume
6.1¢ 6.2¢ 6.1¢ $60.54K 977.0K

Buyers (Bids)

No. Vol. Price($)
1 40000 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.1¢ 25000 1
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