gas in poland, page-10

Dex,

I am relatively new to the story and don't have the emotional attachment to the company that you might have but I have to say that although I quite like the asset base, I am not as optimistic as you are on the share price being able to recover significantly.

I just don't see how EPG could solve the CB issue without a very large dilution that would cap dramatically the upside for shareholders. If EPG has to issue 300m shares or more to solve the problem, they would still need to raise money to develop their exploration assets which means more dilution. If we end up with 600m shares or more on issue, it's hard to see how the share price could go back up to 20 or 30cents.

Am I missing something?

Anyway I expect quite a lot of volatility on this counter so it should be a pretty interesting name to trade over the next couple of months.