Hey wabbit,
I think we have to give you a name change. BAT will do. They are as blind as you are except for their sonar that you don't have to step through this minefield of failures.
How can you be happy with where the sp is sitting now, nearly 30% less than the consolidation price. ????
What can you justify your prediction that EGO will be in or close to be a member of the ASX300 club, where will the sp increase come from, another drill will not achieve this stature.????? You live in blind believe if you think this is possible.
Its sad that EGO is being handled the way it is and with the huge spiel given on the initial 249D that the incumbents would look after the little guys and UNLOCK the wealth and VALUE of EGO. Even the talk then was that they would listen and transparently communicate with the rank and file shareholder. This is non existent now except for the drip feeds given out and of which some seemed to be late in coming to the market.
The board have themselves to blame for the growing dissent as PATIENCE is running out and no short term resolve to say where they are at or communicate with shareholders. Shunning shareholders reply to emails is a grave mistake. Have you tried .???? Time to take your blinkers off and try to understand what is really going on and ask yourself will I ever see a return at this rate and what can the company do better.
ERMs debt is a real noose over EGOs head and limits advancement for further drilling. EGO needs a definitive drilling program of a quick 3or 4 wells to see where they stand. If ERM were any sort of partner they would defer payment and ok the need to drill. If these were successful then interest wouldn't matter. EGO needs something that is going to attract plenty of attention to tick the sp over as per the old days. Monotonous to see just a handful of trades that send the sp in a spin.
RNG to me is a failure. If it was any good it would have been tested by now so plans could be made to feed it into the plant or increase the size of it. Certainly no chance for a standalone hub.
I feel the ghost of the 249D is still very much alive and may come to haunt when the time arrives.
EGO Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
