EGO 0.00% 12.0¢ empire oil & gas nl

Sure was PB. Heaps of it. To be fair (please) - and for those...

  1. 7,923 Posts.
    lightbulb Created with Sketch. 1042
    Sure was PB. Heaps of it.

    To be fair (please) - and for those who were not around - I bought a shedload of EGO between 0.005 and 0.011, and sold them between 0.037 and 0.042 (sold into the rally on GGW1 P50). The reason that everyone got miffed at me was that I exited before the problems associated with financing GGW1 became a reality, and the share price reacted accordingly. In essence, I "bought the weakness and sold the strength", which, according to some, is a betrayal of the stock. Truth is, I am in it to make money. My posts at that time were based on what I knew, and HC was very good at "pinging" us when we ramped (or were perceived to have ramped). I got very few "pings" as my forecasts of the SP were based on my own research, own observations (of SP movements), and own conclusions (indeed, those SP forecasts were suprisingly accurate). I was also very (very) open about when I was in, and when I was out. So if that is wrong, then I humbly apologise.

    Fact is, now I see "supportive value" for this particular minnow, which is not simply based on a valuation or a technical observation. I am curious as to what others think as I am yet to see a reliably accurate valuation, or a detailed discussion about cash flows.
 
watchlist Created with Sketch. Add EGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.