Good question. I think the punters want more info about the gas finds and want that info from the company itself and not a general "found 16 mtrs" in Magellans announcement. We need to know if this is a significant find. Hopefully the management will write some announcements of its own soon when it gets the full analysis reports.
There is also the question of finance and placements hanging over eiv's head. If they can finance themselfs without doing a placement and then push up the sp and perhaps do a placement when the SP is stronger, the punters will buy EIV. At the present time the talk of a placement @80% of the average 5 days sp stops buyers from entering as they think they can get it cheaper in a placement.
Eiv represents one of the best but most misunderstood and undervalued investments available in this market. All we need is for the management to show us punters the way forward.
Angers
EIV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
