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21/02/15
11:38
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Originally posted by joewolf
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Well I for one am not that happy - I spoke to the previous CFO about the ERM transaction and the management and thought he was pretty good. Had a great respect for new team that had been assembled - Whilst I cannot report or comment on his skills I can comment on the fact that they made a bad choice - a senior executive is unlikely to have made any real impact in the time he was there so its an investment that went wrong. Well thats bad selection - not all stick and no-one can be expected to get it right each time - however this is a senior appointment that went wrong.
Before we keep high fiving over the new recruit and a great reflection on management they need to take their medicine as well. This is evidence of a mistake and that is not good - So whilst we are being evenhanded this is not that good before we even have raised the capital to move forward.
Things have not moved as fast as they should have as well - my opinion - We are almost in march and no CR documents ...
We have good news - share price only bounces for a day or so.
These are not signs that a groundswell of activity is out there and its about to all come together. News always leaks and shares always seem to show strength not necessarily in price but certainly in volume as the buy side at 0.6c is only $120K deep.
This is the first time I am sitting here wondering if all the plans and excitement are warranted.
This inst a no brainer that we can just change horses and it will still win. Its not the Company sectary issue for me thats irrelevant its the CFO and the need to use the cash wisely.
First strike for me. Now on my watch closely list.
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Down near the end of the article is something which makes it more imperative for EGO to drill for and find gas. If the pipeline gets the green light anything on land south of the NWshelf will need to be finding wood to burn for their energy.
http://www.watoday.com.au/business/...y-to-stiff-gas-consumers-20150220-13keaa.html