That chart of yours with that pointy thing striking the ground is a lightning bolt, can it strike twice in the same spot.????? I don't like the direction its going and someone has to take the blame for it. Its agreed in relativity that each shareholder has a choice to sell or hold. Even the wabbit agrees with this but argues that if you have faith (blind) in the company you hold or should sell at a loss.
My argument to this is that how can you blame a shareholder who has done his research thoroughly like most have done here on supposed outcome of the rich potential each drill has in EGOs acreages then you put your trust in the management to add the value to these portfolios of shareholders. The trust in management is the respect they earn to add this value and keep promises. EGO has small wheels and is back peddling at a rate that no matter what news comes out it may gain fractionally but then takes 2 steps back.
The board is not independent as it should be and has been aligned to counter any moves made on this chess board. Sooner or later one of the kings men will roll over and the domino starts to roll with uncertainty. The natives are already restless due to lack of action taken, being ostriches again and that mushroom feeling is starting to feel again. Management control all this by being stubborn in locking out the rank and file that helped them to be put into their place at top of the table.
Everything is cut except for the high management fees paid to save money. If they cant perform then they should not be worth that much.
Why is the flow rates aligned to be done just before the due date of the debt repayment has me tricked. You take it if the well is good and the SP spikes to over the top up amount specified then don't we have to pay interest on top of that loan. If so this happens and EGO does not have money to pay all this debt on the due date plus the top up, WHAT THEN.???? Are you better off or worse.???? Does the mateship still stand for a freehand.????
WHY would Morgans bump up EGOs price target up 6% to the equivalent of 71c on WHAT.???? DO they know something we don't or is RGN going to be a bonza.????? Wheres the farmin they talked about that is going to happen, reminds me of the Macquarie thing that someone else had but FAILED.
I said long ago that EGO was a dirty word and needs to be changed. A new image needs to be formed round the rich assets that are held. New faces would be a plus with the backing of some sort of equity partner that sees the Perth Basin for what it is really worth. Wheres Alcoa.???? Step like you did for Warro, we have a plant that as you know already supplies and can be EXTENDED and more gas to be brought in. We are already miles ahead in infrastructure and drillable acreages compared to WARRO.
I see the canary dying here if investor FAITH is not restored.
EGO Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held
