Japes
I agree with what you say but what surprises me is that up to now their Ann's have been concise and to the point. It is almost as though it has been penned by other hands and reminds me of the difficulty in understanding Ann's from previous management. In spite of an update we are still no wiser as to the intentions of the deal as at the end of the day we are just (battling shareholders) trying to get our money back and hopefully make a profit.
As shareholders we stand to either lose or gain on our investment with a rising SP we will all gain and our largest shareholder will gain the most. If ERM purchase another 10% in the CR at say .008 cents and the 10% already held at an average of around 1.4 cents gives an average buy price of around .011. I wish my average was .011 cents.
my point is ERM are going to make a lot of money on their shares should the SP rise as we all hope it will, so I am puzzled as to why they think this is a good deal for all holders as in addition to the probable doubling (or better) of their investment and adding the 16.4 million buy out money plus X million top up makes it a very attractive deal to ERM.
there just has to be much more to this still to be announced.
I emailed EGO late yesterday but to date no reply.
ally
EGO Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
