Time for a closer look at Emerald Resources, page-31

We have to vote on 14th December, whether the directors can actually buy that many shares or not.  It's unlikely that the vote will go against them, but it's not an open and shut case for them yet.  To sweeten the pill they allow us ordinary mortals to buy in as well via the SPP.  If the SP was to go much above 3c before then, the directors would make a huge windfall profit instantly.  So the SP is going to stay at 3c until 14th Dec. after which the news of funding will be announced.  Then when the $30 million from T1 and T2 is in the bank, the financiers will release their loans. A case of 'show me yours first then I'll show you mine'. Of course I'd be happy to be wrong about this.  We are all singing from the same song sheet after all.

There has been a good volume of shares traded recently as investors take up the shares on market at 3c.. Word is getting around about the imminent funding and start of construction.  Despite our frustrations our situation is a good one to be in.