Shame about the SP atm, I thought myself that .009 would be the floor. Not surprised if a few are playing this to get good quality and quantity at a lower price.
Nice to see a bit of chatter here to lift the spirits after a quiet session or too. Nice threads. Ive just been sitting back a bit rekindling my thoughts after all had a bit to say during the 249 and changeover.
HMMM ER, as they are partners in the JV and hold a 10% stake, Im sure they know the rules and the odds to make EGO a success. Very opportunistic if they go for a TO as some suggest but I doubt it and if done in a short space of time after the new board is complete and before any major news, what would you think, would it be ethical on what they know.???
I think anything can happen at any given time so now is the time to keep the guard up as its been a while since news has come. Would It be updates on the review, the new CEO, funding, another partner or a million other things that of which something may ignite the spark to SP rise.
Great time to be loading up at these levels if you had any spare cash. May be a few funny ones popping up to display their views. Certainly it will get propped somewhere from here. Whats ERM average buyin and how much are they down. Big deal they are a multi Billion $$$$ company, and Im sure they know where they stand with maybe a 40% loss or so (guessing) they know whats there and that in time a reversal will kickstart the new EGO to SHER value. THey wont be worried so I cant see why holders need to be either. Can anyone see EGO collapsing and not get their money back, why sell for a loss.????
Think about it, how many would be in profit at this level of the SP, very few and most would be at a loss by now. I say hold and add more if you can and be patient. It will turn and it could be in a big way if the right news comes 1st.
Go the B sands, pump 20MMcuft/day when its perforated, that will put a smile on your dial and hmmm the SP. Where did it go.???? Whens that going to happen, in a month or so.??? Anyone think ERM/new board wont stick to the timeline given..???
Nice to not have the stress of the old board behind current planning and future work programs.
Keep your chins up guys, I know you are resilient as the past 2 yrs has proved this and give the new board the chance they need to get this up and running. They have ticked all the boxes so far and failure is not in their planning.
Have a great weekend everyone.
Need to see more of the RAT here. Hey RAT there is no nasty cat here so you can come out of hiding. Ill shout you the cheese if you want. LOL.
EGO Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
