EGO 0.00% 12.0¢ empire oil & gas nl

Ann: Contingent oil resources at Red Gully North-1, page-17

  1. 4,299 Posts.
    lightbulb Created with Sketch. 28
    viney402.

    You have it in one.
    Directors are mindful of SH value in as much that they have not taken a fire sale as I think there are quite a few companies out there that would want everything as cheap as possible over the last 2 years and we must be thankful they have not given it away.
    If they had given it away EGO would have been flying now but not to the benefit of the original SH.
    It is just the same as selling your house in a falling market would you take a low offer or wait for the market to improves .
    More information would have made a big change it the SP what a difference it would have made if they announced that we have had 2 offers that we do not consider in the best interest of SH.
    What is Docs plan could be ok or could be giving it away same thing lack of information
    but is something new for SH to hope for.
    As the saying goes be-careful what you wish for as you may get it.
 
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.