EGO 0.00% 12.0¢ empire oil & gas nl

Pointless whinging...., page-55

  1. 8,563 Posts.
    lightbulb Created with Sketch. 2833
    no,
    POO at 25 Nov 2015, when Consolidation was put to shareholders, was about US$45.
    On the same chart it is now US$40.
    http://www.infomine.com/investment/metal-prices/crude-oil/1-year/

    on 25 Nov 2015 EGO SP closed at equiv 50c
    now 37c

    so drop POO 11%
    drop EGO SP 26%

    and that is after positive news from EGO. Good cash flow, RGN discovery, Tranche 2 etc.
    the Consol was poorly conceived, ill-judged and heavy handed.
    And yep - EGO cannot reverse the consolidation now, as it would be impractical.

    And yes, the SP would have fallen because of drop in POO.
    But how much without the Consolidation?
    I guess it is like asking just how much of your leg do you want to chop off?
 
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