Emmerson (EML) shares have crashed by 73% today to just 0.7p but so many worthless pieces of confetti are in issue that the market cap is still c£8 million. Don’t go bottom fishing for the news is disastrous and potentially terminal.
Emmerson (EML) has taken a big hit to its share price today following news that the regional investment authority hasn’t approved its Environmental and Social Impact Assessment, but I think that the market has over-reacted in marking it down around 40%. As I tipped it the other day HERE, you deserve an immediate update.
When it comes to natural resources companies looking to move into production, the time to buy is often when there is a lull in news flow and the stock is getting little attention, assuming of course that you believe that the project actually will be developed.
There has been a lot of focus recently on how rising energy prices are going to impact upon inflation as economies start to emerge from Covid, and how that is going to affect the price of goods in light of rising transport costs, amongst other factors.






