ERL 0.00% 0.3¢ empire resources limited

There were a lot of delays re the shire commissioning the new...

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  1. 5,305 Posts.
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    There were a lot of delays re the shire commissioning the new bit of road they needed to put in place.
    Interesting that any potential delays with moving the dirt to the mill can now also be attributed to the shire
    The thing that intrigues me was that this was a really simple operation ie organise safety and other relevant updates, move road, scrape the dirt and put it in a truck then refine it.
    That's what the company promised in its ipo back in 2010 or whenever.
    They already had all the past research, they updated it with their new research.
    They tried very hard to sell it for 3 million in 2012
    They played around with various companies buying and shelling portions back and forth between each other and they kept the wheels spinning.
    They reckoned it was going to be 9 months at most from somewhere around September 2015
    The geologist is nice as pie whenever anyone calls the company but they are clearly in with a shady mob who like to milk start ups and deflect energy off to copper mines, potash in Thailand ..whatever it was they had going on in South Africa..
    And now it is crunch time.
    Someone just bought a huge swag of shares -7 million plus - a few days back and now it looks as if someone is trying to get the price up so it will run higher when they make their next announcement.

    I am sure they will make their announcement and hopefully it will be good but what intrigues me is why have they been waiting and stalling and moving the parcel from hand to hand behind their backs.
    There was no need for any of this messing around and the timespan is seriously concerning.
    Anyone got any theories on what the advantage is in not going ahead with this until now?
    Last edited by sabine: 29/08/17
 
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