RGN

this is a copy of a post that got deleted, simply because it was in response to another post, which had been deleted. Crazy situation that anything, anywhere near a moderated post is lost as collateral damage.

But I believe that the matters herein relate to us s/h of EGO, RGN and the motives of our biggest shareholder and biggest lender.
This has nothing to do with other posters, or any moderated posts.
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MIN has a few motives.
- securing gas reserves to allow for their apparent vertical integration strategy
- their equity investment in EGO. cost about $9m but value now $5.5m
- $15m loan secured against RG ( I think RG permits, plant, reserves etc)
- I guess also, it secures the mgt of those gas assets in form of EGO mgt?

so frankly, when does loan expire? is it 2017? or rolling I think at discretion of both parties.
point is, Loan will be difficult to repay, and refinance. look at the deal EGO came up with from Viburnum. So presumably if MIN wanted its $15m loan repaid, it would cause EGO to be swept into the hands of mafia-style funders ----- and the MIN's equity of original $9m would be trashed.

Maybe MIN has its eyes on Lockyer drill, and its potential?

So pointedly, MIN does not have a director on EGO board. That is classic move if there is a potential for a predator might make a move later on.
But just what is EGO doing wrt doing business with MIN to supply EGO gas to MIN?
what supplies do we have now RGN was almost a duster???
ANy deal between MIN and EGO would need to be arms-length.
Surely we smaller s/h will watch this with eagle-eyes?

where would EGO get any gas to supply MIN?

given the vacuum of business plans put forward by EGO board and mgt, the bull### discourse proffered year after year, the absolute virtual failure of RGN, the trashed SP, EGO is now in at the mercy of the marketplace. Unless EGO can come up with some sort of plan, MIN will quite possibly get us for a bargain?

We have never got an articulated real business plan from this EGO mgt/board.
"Operator of choice" baloney never cut it - just derision and laughter. "EGO" at its best.

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I think any plans re RGN will encompass whatever plans EGO and MIN are hatching.
Given the reports of our hugely successful company looking at acquiring Origin assets, I reckon we need to keep an eagle eye on this mob.
Oh wait, SP has dropped, so lets get the SP back up to $1, and do another Consolidation.
EGO can keep doing this, until there are about 6,795 shares remaining on the register - ie 1 share for each of us !!!

I thought we were waiting on results of data and reserve analysis to see if commercial