Hmmmmmmmmm
Close but no cigar.
The good thing about this is the removal of the conflict of interest where ERM was a shareholder in EGO and a JV partner. This deal, if shareholders agree, will rid that conflict or perceived conflict, so both parties can move on with full knowledge of the roles they will play.
IMHO, the bad news about this is the increased debt. Debt and exploration companies are a bad mix. This needs to be kept under control quickly, so EGO can move forward and fund its activities. How many years till the Alcoa and ERM debt is paid back???
The question is "is the cash cost the right number??" I will leave that to you holders.
GLTA DYOR
Cheers, Al
- Forums
- ASX - By Stock
- EGO
- short odds
short odds, page-23
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SBW
Shekel Brainweigh reports a 50% revenue increase in its Retail Innovation suite and delivers the first batch of 20 Smart Bays to Hitachi as part of a larger order