A miracle or two from the big-fella upstairs wouldn't go astray for EAR at the moment.
This has been horrible since NST bought in, and one can't help wondering if something has been orchestrated, perhaps with regard to a capital raising for plant refurbishment. If it hasn't then, quite obviously some reasonable sized holder has wanted out and has been consistently selling down for months. And like Dapper says, god (please) help us.
EMR is in a similar development position as EAR, except that its project is located in Cambodia. But it is also now waiting on funding, having done a BFS and expecting production of 100k/oz pa. However, in the same time EARs share price has fallen from 32c to 13c, EMRs has risen from 3.4c to 4c - go figure that!
IMHO something is happening behind the scenes with EAR that retail investors do not know of, something that insiders are perhaps aware of, and on the surface, it doesn't look great, but who knows.
Like a number of people here, I thought NST knew what they were doing - and maybe they do, or just maybe they are getting sloppy.
Anyway, I'm on my knees genuflecting, whispering to the lord of the starfields, and promising to be good if he can point an angel or two in EARs direction (ASAP).
Jeremiah 29:11-11 "For I know the plans I have for you (aka EAR)", declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future".
I'm sure he has a sense of humour (sometimes), so come on big-fella, start working your magic down here.
Gw
EAR Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
