This stock just keeps dropping. Reckon it's worth a buy at 0.3 for the asset value alone?
Describe the assets and the likely buyers of them...
China National Nuclear - they can take a strategic view of it and buy the asset for close to nothing (say era at 5c) as a optionality play.
Where there's a will there's a way!:
Any falling knife punters have been hit with a bullet this morning with the Chairman and two other non-executive independent directors leaving due to "a range of factors since the June 11 announcement"
http://www.asx.com.au/asxpdf/20150622/pdf/42z9wvk7tgccgh.pdf
Oh yes ERA rebounded 3% this morning. What a bullet
Anyways this news is neutral at best, no? Directors resigning on their own volition sounds like it signals even harsher times for the company.
Volume ultra light, so lets see how it goes for the rest of the week
Also in the announcement is a pending write-down.
Hard to see this as neutral? Who wants to become chairman of this company now? Can't imagine the worlds best are lining up to be recruited!
On a positive note.... less cash burn?
Yet,nuclear reactors are not stopped,nukes are being built again, USD is collapsing so oil gold real needed minerals are value assets..Stock has absolutely plummeted with a highly dilutive cap raising,,,
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Agree with the possibility of a Uranium bull market again in the not too distant futre...Yet,nuclear reactors are not stopped,nukes are being built again, USD is collapsing so oil gold real needed minerals are value assets..
Uranium should boom and ERA getting higher and higher....
Well...,not really
Good time for another share raising...Yep, haven't considered ERA as a potential uranium trade due to the huge number of issued shares.
Generally, this ensures limited price appreciation. Not so for ERA. It's going to the moon.
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