Yes, just got back from Perth after a meeting with Energio. Didn't realize my movements were so widely known! I headed into the meeting shortly after the price had hit 12 cents so was hoping to hear some positive news. I can't offer any scoops as the directors are far too reputable and experienced to let anything out of the bag that's not already been released to the market. I can say however that the tone of the meeting was one of enthusiasm and confidence in the companies progress to date and a firm belief that the Agbaja project will be a massive iron ore project in the not too distant future. We are right on the cusp of very exciting times with the maiden JORC out by the end of the month as we all know and as such no less than nine analysts from leading UK and Asian broking firms are about to embark on a field trip to Agbaja to have a first hand look see. Most of these broking firms were involved with the likes of African minerals, Sundance, Equitorial and African Iron so know their stuff regarding West Africa. I believe that as a result of the field visit we should see a lot more interest in Energio and a significant re rating of the stock and a subsequent substantial lift in the share price. I came away from the meeting with a much better understanding of the project and feeling very confident that my investment in Energio is in good hands and will be richly rewarded in the months to come. I also heard on the grapevine whilst in Perth that a buy recommendation short term to around forty cents will be out soon on Energio so we will see how accurate the rumour mill is. I also spoke to a chap in Perth who knows his stuff and he reckons there are some pretty big fish taking more than a passing interest in Energio. That's the sort of thing I really like hearing! What more can I say other than I think Energio are a bargain buy and once again I'm on the bid for more stock.
Happy days ahead.
EIO Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
