Well, I was not going to post, but I have a significant investment in EGO.
I am a bit of a fence-sitter, with splinters in my bum to prove it (not that anyone would want to verify said splinters!).
Some things are pretty obvious to me:
1. Without a shadow of a doubt, we s/h of EGO are far better-off with this current board and mgt than the last lot.
2. In terms of operational issues, I think all camps agree EGO is heading in the right direction, it is just the speed of execution is an issue
3. in corporate terms, we all pretty much agree that a consolidation is required - again it is the level of consolidation that is the issue. I do agree 100:1 is simply too large at this point in time. I cannot see why EGO cannot reduce it to say 25:1 -> await some good news eg results of RGN, and await a farmout -> then in 12mths-18mths do another consolidation of say 25:1 which would then be based upon a much stronger SP.
3A. I read the stuff posted by Healyn regarding the NWE comments etc - as s/h and investors, we should read that stuff with interest, because it is info which might directly affect our investment. I did not read it as EGO derogatory comment - but a reference as to what is happening in our sphere of operations. As investors, we need to run in advance of the pack (not in their dust).
4. there is an inescapable fact, that the SP has performed dismally over the last 12mths or so.
5. I am sure we all agree that we would not be having this conversation if the SP had performed far better. 6. The SP is a factor of Results. The Results just have not been forthcoming. It is up to mgt and Board to achieve these results. The actual operational Results are not something that shareholders can influence.
Whilst I admit I have been guilty of the same in other stocks/threads, I make the observation that when posters keep responding to posts which are claimed to be "whingeing" etc, then all it does is perpetuates the problem.
cheers
EGO Price at posting:
0.6¢ Sentiment: None Disclosure: Held
