ELE 0.00% 6.9¢ elmore ltd

hold up with announcment

  1. 1,104 Posts.
    My belief is that there is a hold up as I think they are trying to announce a couple of things at once. These being:

    1. Confirmation of the Austind JV deal

    "Austind Iron Ore is to raise up to $10 million to fund land acquisition strategy, mining permit applications, joint venture expenditure and general working capital"

    2. Target results


    3. Possible Name Change

    There is much to co-ordinate and whilst they expected to make an announcement all t's will need to be xed and i's dotted - there are lawyers involved afterall!

    One fact is that there is an announcement due out:

    Remember the wording of the price query answer:

    ...allow Austind sufficient time to make the mining permit application and deliver the Company

    My Opinion Only FWIW.
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