EEG 0.00% 24.0¢ empire energy group limited

Ann: Successful Capital Raising, page-18

  1. 630 Posts.
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    I too am perplexed by the circa 18% discount to what had been a 12 month price low. There is no way the de-risking of the drilling results over the last year can justify a cap rise below last year's 30c one. My topping up purchase last year at 30c means I struggle to justify increasing my exposure, even at this price. Concentration risk may be OK for the board, but as a retiree I have to be wary, yet dilution at this price at this time is hard to swallow. (My sentiment remains buy, as we are seriously underpriced.)
    Last edited by Shake It: 08/06/22
 
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