Wednesday, March 14, 2012 1:57:10 AM
Yep, not wise... especially when the CEO of EMXX claims the deal with Newmont makes them a buyout candidate if things continue to go well... and he would know, considering he sat at an executive level within Newmont. lol
their market cap is nothing when compared to the several billions the Newmont JV could be worth... and this is just a part of the picture when you add in their many other Joint ventures/properties/royalties
Also, some big buyers appear to be loading every time it gets around 2.50... With billionaire funders backing EMXX, they could ignite it at any time.
...and lets not forget how significantly Eurasians balance sheet will improve with the BULM deal... I dont see them ever needing to dilute again. They will be near break even with around $75,000,000 in cash once all the outstanding options/warrants are converted... and several new royalties and JV deals are about to start paying... they might even sell some of their 145 properties for a nice profit.
Would not be surprised to see it start a new leg soon... it'll probably happen right before the merger closing... id be nervous if i were short...
their market cap is nothing when compared to the several billions the Newmont JV could be worth... and this is just a part of the picture when you add in their many other Joint ventures/properties/royalties
Also, some big buyers appear to be loading every time it gets around 2.50... With billionaire funders backing EMXX, they could ignite it at any time.
...and lets not forget how significantly Eurasians balance sheet will improve with the BULM deal... I dont see them ever needing to dilute again. They will be near break even with around $75,000,000 in cash once all the outstanding options/warrants are converted... and several new royalties and JV deals are about to start paying... they might even sell some of their 145 properties for a nice profit.
Would not be surprised to see it start a new leg soon... it'll probably happen right before the merger closing... id be nervous if i were short...
Join the Graphene/Graphite discussion and get ready to make some huge gains...
http://investorshub.advfn.com/boards/board.aspx?board_id=24137
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