$EMO - Paradigm Research - Buyout price range $25.00 CAD ! Emerita Resources EMO : What an eventful November for the Spanish Princess! Between:
Anticipation of the recent PP coming free trading last month,
a news article out of spain dissemingating false information on the Aznalcollar tender,
False reports of work being conducted on the Aznalcollar property and,
EMO.V surging as high as $4.14,
we saw some significant downside pressure. Fortunately (and unsurprizingly) the news article suggesting Emerita had no right to the Aznalcollar tender was debunked.
Regarding the private placement coming free trading last month, we were greeted with some fantastic news regarding Eric Sprott. As stated In the November 15th 2021 News release,
“ Mr. Eric Sprott, ….., exercised a total of 6,818,181 Warrants at an exercise price of $0.30 per common share (“Share”).
Following the completion of the exercise of his Warrants, Mr. Sprott beneficially owns and controls 20,454,544 Shares, representing approximately 10.7% of the issued and outstanding Shares on a non-diluted basis. Prior to the Warrants exercise, Mr. Sprott beneficially owned and controlled 13,636,363 Shares and 6,818,181 Warrants, representing approximately 7.4% of the issued and outstanding Shares of the Company on a non-diluted basis, and 10.7% on a partially diluted basis.”
We were incredibly encouraged by Sprotts decision to “double down” on EMO.V being one of the most significant votes of confidence for the stock in recent memory.
Speaking of “votes of confidence,” once again we give a tip of the cap (pun intended) to “Doc Jones the Resource Investor” and management for the fruitful Due dilligence that came out of the recent site visit. Please see below regarding the insightful interviews Doc Jones provided:
One of our biggest takeaways regarding the site tour information was the fact that Emerita plans on expanding the number of drills on IBW alone to EIGHT! In addition, feedback regarding the Aznalcollar property being put back in to production was very well received by the surrounding communities.
We thought we would add one additional note regarding future speculation. There is much excitement and interest regarding the Neuvo Tintillio property. While we agree with the addage a “bird in the hand…, we are further intruiged at the potential (positive) divergence between historical samples and future drill programs regarding Aznalcollar. Recent assays from IBW returned upwards of 60% higher grade compared to historical. Given the proximity of the two projects in conjunction with modern technology/mining methods, it is not out of the question to suggest that future mining at Aznalcollar could also yield higher grades than previously documented.
With this information, we have moved our (conservative) buyout price range to ~$25.00 CAD!”