Ann: EganStreet Secures $11.9m in Funding, page-9

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Barolobill

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08/03/18

16:29

Post #: 31625689
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Originally posted by speculator101 ↑

Hi Dave, for now I will respectfully disagree, the grades and widths so far will perhaps add some ounces, but.. nothing substantial and with the very small production rate planned, I agree it won't take much to rase the rates, but.. they need to have better results to really achieve that.

I also respectfully disagree that they will be aiming to hit 100k p.a in just 3 months time. Baring some sort of massive strike/success. I like the company, its tightly held, well supported and is starting small.
It is indeed well cashed up and on an E/V perspective, its cheap, but a lot to come before I think the market will start paying attention.

@naggingnan - yep, you called it option wise. Well done and I think its a bit of rarity in the gold sector to see that sort of support cash injection wise. I agree to that the share price might find it hard to move in the near term. Still, I would admit the downside of EGA has been reduced, while the upside is widening.

Baro - PNR are a freak, they seem to be finding gold everywhere, plus... have competent management, sadly its hard to find both in mining stocks! Lucky buggers with PNR. Share price is going very very well.

I will continue to watch EGA with interest.

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MRE stands at 307k oz, up from 226k on listing. The below results will feed into upcoming MRE update:

And plenty more drilling to come with three rigs on site. Results have been solid and consistent to date, I'm hoping for more good things to come over the next 3-4 months.

EGA Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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Ann: EganStreet Secures $11.9m in Funding, page-9

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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