There can be all sorts of reasons for the announcement issue that is spoken about. But I agree they could be better constructed as there's information missing (backing info, link info etc) that should be there to make any ann document seem more comprehensive. A lack of excellent communication skills is not alarming (or unusual) in mining.
My analysis is that ERL has nearly 1M oz total(ish), possibly more. Quite a high AISC but I haven't checked this year's ann for any further updates. Quite good profit even from this high AISC. Producing already. Lots of good things really. 5.4g/t is well above most mine's profit/tonne mark. Having said that, a lot of other miners I have analysed have a lower g/t and lower AISC but a higher SP. So there's (imho) theoretical potential there.
As holders, if you have questions, ask the company. I know I will. If we all put polite pressure on the company to be better at communicating with the owners (us), then it helps everyone. No one hates a lift in share price and everyone benefits.
Good luck to all.
Ann: Quarterly Cashflow Report, page-13
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Mkt cap ! $5.935M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 12064791 | 0.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 3463666 | 3 |
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