EPR 0.00% 0.7¢ essential petroleum resources limited

"perhaps a method - wouldn't be surprised to see him partake in...

  1. 6,352 Posts.
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    "perhaps a method - wouldn't be surprised to see him partake in a capital raising...
    "
    makes sense Antman
    they havent got much cash left so perhaps the pre Fermat strategy for punters is to wait for the sp to dip from a discounted raising and take a position then.

    Apart from that, MC is $22mil at 3.5cps
    In this market, thats comparably very expensive given they have no production, potential reserves yet to be determined, and hardly any cash.

    Might take a position if it dips to 2.5c. A heavily discounted cap raising might get us there.
 
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