Thanks for the detailed post. Good to hear from someone "new"....

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PokerMoe

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19/01/17

13:30

Post #: 22000649
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Originally posted by speckman ↑

Have read a lot on this forum from a distance and am quite amazed at the level of importance some place on the price gold and the associated market value of ERM.
Having been a holder of this stock since it listed I can honestly say that the price of gold has never influenced the market valuation.
Over the years what I have noticed is that the market valuation is based wholly and soley on the quality of the announcements nothing else!! Having said that even the good announcements get no traction with this stock.
ERM have had a long history of promising the world and delivering nothing!! We saw that with the last announcement promising results in the middle of December and now here we are post the middle of January and still nothing. This has happened time and again and has in my opinion affected the trust worthiness of this stock among investors, in short if potential investors cannot trust management then they wont invest, this is exactly what I see at play here.
My opinion for what it counts for is that management need to stop spruiking potential results and focus on the actual results.
Before anyone asks why I haven't exited before now, well the answer is that I do believe the story and I think some day this stock will provide a substantial return on the capital I have invested, what they need are good exploration results and an author (management) who is competent in selling the story to the market.
So in short can we please stop with the comments centred on the price of gold and the subsequent valuation of ERM, it is becoming quite annoying and in all honesty is a misleading statement (for this stock).

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Thanks for the detailed post. Good to hear from someone "new".
Just a question if I may?...
Would you not expect an effect on the SP if gold were $800 an ounce or $1800?
Judging by your comments of no relationship, it would be irrelevant, correct?

ERM Price at posting: 11.8¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 6.2¢		Change 0.002(3.33%)		Mkt cap ! $27.23M

Open	High	Low	Value	Volume
6.1¢	6.2¢	6.1¢	$60.54K	977.0K

Buyers (Bids)

No.	Vol.	Price($)
1	40000	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	25000	1

View Market Depth

No.	Vol.	Price($)
1	115000	0.080
1	105001	0.079
1	250000	0.078
1	25000	0.077
1	50000	0.076

Price($)	Vol.	No.
0.083	300000	1
0.084	145330	1
0.085	20000	1
0.086	45000	2
0.088	77104	2

Last trade - 12.57pm 15/11/2024 (20 minute delay)

ERM (ASX) Chart

Thanks for the detailed post. Good to hear from someone "new"....

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To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Buyers (Bids)

Sellers (Offers)