tech/a
No Ordinary Duck
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Thanks for pointing this out.
Loaded in at a point where profit takers could drop it sometime today.
Bit late otherwise!
And there will be the Mandatory inside Day.
ELE - Elmore Ltd
- Thread starter moneymajix
- Start date
Thanks for pointing this out.
Loaded in at a point where profit takers could drop it sometime today.
Bit late otherwise!
And there will be the Mandatory inside Day.
- Joined
- 12 January 2008
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Sadly, I've missed out on ELE at this time. I liked their story when I read it back in Jan22.
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Selected ELE for the May comp. This company has recently raised more capital at 0.04 and price is trading around that level. I've bought a small parcel as I've liked the company outlook.
Elmore designs and constructs processing equipment for small mines. They've completed one project that will start to provide some cash flow in the next qtr and are raising capital to start another.
Elmore designs and constructs processing equipment for small mines. They've completed one project that will start to provide some cash flow in the next qtr and are raising capital to start another.
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Selected ELE for the June comp after not spiking higher in May.
Price seems to have stabilised between 0.030 and 0.036. A few pesky sellers appear whenever price gets above 0.035. Ending at a lower price in May will help me in June.
There's been no update on the company's progress on it's latest project. I like the longer term prospects of Elmore and continue to hold my parcel of shares.
Price seems to have stabilised between 0.030 and 0.036. A few pesky sellers appear whenever price gets above 0.035. Ending at a lower price in May will help me in June.
There's been no update on the company's progress on it's latest project. I like the longer term prospects of Elmore and continue to hold my parcel of shares.
greggles
I'll be back!
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Interesting company this one. It's been holding up very well over the last week and is looking like it may have found bottom in the short term. A lack of news flow has been this company's biggest problem recently and watching the price action it feels like a coiled up spring ready to bounce on some good news.
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Elmore makes mining equipment for small mid sized companies that prefer to mine themselves rather than truck it to another larger producer. AFAIK it's a one man shop who designs and constructs whatever equipment is required for the job. The equipment is designed to be built and moved more easily than regular machines. Elmore gets paid for the equipment and also gets a royalty from the payload when it's delivered to the customer. As it's only a small business it takes quite a while (many months) to finish jobs. That's the main reason there's not much news.
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ELE selected again for July22 monthly comp. There's been no news since the last qrtly report. The share price has held up very well in the falling market. Hovering between 0.029 - 0.035 with thin trading.
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Elmore undergoing massive corporate restructure. Shares currently suspended pending further details about their purchase of the Peko Project.
With a $30 Million purchase price I assume there'll be a capital raising soon.
With a $30 Million purchase price I assume there'll be a capital raising soon.
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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So, no fireworks in the Competition, then Peter?
Market cap is under $30 million, so the transformation likely in need of being funded soon. Vendor Finance comes with conditions.
| 20. | peter2 | ELE |
Market cap is under $30 million, so the transformation likely in need of being funded soon. Vendor Finance comes with conditions.
greggles
I'll be back!
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ELE have released a new Inferred Resources estimate for Peko.
Gold: 129,000 oz
Copper: 8,100 tonnes
Cobalt: 3,500 tonnes
Market value of those resources using current spot prices is ~US$400 million with separation costs fairly minimal. Superficially the project looks good but management seem to be taking their time. Market cap still ~$30 million.
Gold: 129,000 oz
Copper: 8,100 tonnes
Cobalt: 3,500 tonnes
Market value of those resources using current spot prices is ~US$400 million with separation costs fairly minimal. Superficially the project looks good but management seem to be taking their time. Market cap still ~$30 million.
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Elmore bit off more than could chew and has been choking ever since. Trading suspended Oct 23. Management has been staving off bankruptcy and wishes trading of it's shares to be reinstated.
ASX replies no dice, until you've published a Qrtly (before 31st Jan) and H2 23 and outlined plans for the next 6 - 12 months and how your going to finance them.
Elmore currently has a open SPP at 0.005 but it would be a brave investor to put up more cash in the hope you can sell the shares later.
I thought this was a great little company with a simple business plan when it first listed. Somebody has butchered it.
ASX replies no dice, until you've published a Qrtly (before 31st Jan) and H2 23 and outlined plans for the next 6 - 12 months and how your going to finance them.
Elmore currently has a open SPP at 0.005 but it would be a brave investor to put up more cash in the hope you can sell the shares later.
I thought this was a great little company with a simple business plan when it first listed. Somebody has butchered it.
