I would go along with what management told Healyn and Docmin in their meeting.."the top-up will be bland". I don't believe the RGN drill result, if successful, will push the market cap. over $80m. This has been expressed in several broker reports.
The drill results could very easily push the share price up by the "eureka effect", exploited by the day traders. I don't believe the same irrational exuberance exists today as occurred in the RG-1 drill. It will come back down to fundamentals as many have experienced.
The Lockyer-1 drill (opening a new big playground) will have a more profound effect. There is plenty of time to organize the restructure of the debt before then.
I might even echo the cries I heard when EGO was climbing through the 3 cents mark.."Take some profits you deserve it".
EGO Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
