EGO empire oil & gas nl
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Ann: Major Upgrade in Red Gully B Sand Gas Reserves, page-88

  1. kkw
    7,496 Posts.
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    31/07/15
    00:33
    Post #: 15725018
    If with a 64% increase in reserve, the share went up to .06 and promptly dropped back to where it was last week; this is ON GOOD NEWS, wait for bad news and see what the SP will do.

    Consolidation, 10:1, 50:1 or whatever, is mostly consider by the market to be BAD NEWS!
    Watch your SP drop, and it will, because you have just created plenty of space down the bottom for it to drop to!

    BOD unless you have some superb news that is much better than the significant upgrade, don't think about consolidation!!!

    KKW
    EGO Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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