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0.5¢ eneabba gas limited

Thanks for the analysis Anton. When you see Jason Peterson...

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151 Posts.

42

15/03/18

21:45

Post #: 31790662
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Originally posted by Anton Chigurh ↑

Hi FY, all pretty standard terms and nice uplift for current holders, assuming the deal goes through in its current form, no market deterioration etc. For CPS to back $3m at 1.5c equiv, you'd think maybe some reasonable news between now and May.

What's more interesting to me is the ASX seeming to relax the Listing Rules somewhat and allow o&g shells to trade after an announcement that involves a substantial change in nature of business. Makes me think twice about having a bite at some of these o&g shells with proven dealmakers and low EV. Anyway, well done and hopefully worth the wait for everyone.

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Thanks for the analysis Anton.
When you see Jason Peterson holding over 45million shares and Hartleys mopping up around the 0.008-0.012 range this little stock with definitely see some action in the short to medium timeframe.

If the price action is anything similar to when Jason Peterson was buying his last 8-10million shares of his holding then we're in for a fun ride.

ENB Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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