Argonaut report, page-9

actually I was not thinking about that issue ie as to why.
I was meaning to highlight some factors relating to the basis of Argonauts numbers.
I think the Reserves figures are one of timing - ie their report is dated 5 January 2015, whereas the EGO Reserves Update is dated 22 January 2015. So the only public figures they could use were those in the previous IER.
the other issue re number of shares affecting values per share, I guess is one of their approach. They have assumed (rightly) that EGO will issue another 2Billion shares to raise the $10m it wants.

I am sure that EGO did NOT pay for that report.

But as to the involvement of Argonaut - that sure is intriguing isn't it?

so if they were at AGM, well that was back in Dec 2014?
they are deal makers over West, so they have probably done all that work in order to be ready for some deal-making. maybe introduce farmin partners, investors etc. maybe looking to underwrite the rights issue perhaps???
but you guys are right - they have spent their time for a purpose.

cheers