EMS 6.25% 1.5¢ eastern metals limited

Hi HurleNot sure what sort of a feeling you got but I tend to...

  1. 4,131 Posts.
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    Hi Hurle

    Not sure what sort of a feeling you got but I tend to think that after the big announcement, which hopefully is not too far away, there will be a surge in the share price to the range 8 to 10 cents. Should this occur in the near future then the approx 55M oppies at 5cents will be taken up to raise $2.75M by the end of the year to be further followed by the Directors 22.5M oppies at 6 cents to raise another $1.3M in June. In addition I seem to recall a Tax rebate in the order of $150k plus. So assuming that my maths hasn't stuffed up a decimal point, cash shouldn't really be aproblem PROVIDED you are right with the next big announcement and it comes soon.

    It's all about the timing.

    kippax
 
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