well general consensus last night at the Irish was:
"ERH great, rest of the market Bad"
Though viewpoints differed about how bad the market was and how long it would take to recover. I, as usual, was the most pessimistic about it.
Mind you the group that turned up was solely the usual gang...
Plenty of debate ensued about how ERH should progress. Eg debt funding the development program and using existing cash for exploraiton, versus using existing cash and future cashflow for exploration, versus hybrid of the two.
I'm very much in the latter camp, with a preference for more equity than debt.
Cdchi1
ERH Price at posting:
16.5¢ Sentiment: LT Buy Disclosure: Held
