It has risen from 20 cents to 30 cents over the past three months.
The last three days it has gone up and it falls today and people are unhappy. See my point. BTW, the well hasn't started drilling yet. Should be started in about a week. 45 day well. Results will be reported at the end of the well, or through the program if there is any joy.
Take a step back for a minute. 2 of the Directors have committed large dollars in the options at 30 cents. I expect more of the 30 cent options to be exercised before they expire. Elphinstone has increased his holding. If you don't know him, look him up. I am happy to invest alongside him.
Read up on the Directors and their background. This is a very good Board. Research, research, research. MD is ex Macquarie Bank. Smart guy.
This looks a good play to me. Has some risk, but the upside is large. They are a small company playing with the big boys.
Hope that helps.
AL
EEG Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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