David Haselhurst ( the Bulletin's Speculator) has had EBR in his portfolio for almost 12 months now and many of us were starting to wonder why! He bought for an average of .092 so has been out of the money for much of that time. However, as acturtle et al point out, today's report was a beauty. The offshore drilling program starts on Sept. 30 and the two targets are very large, by Australian standards. Then there is the free-carried Cooper Basin program and a bit of minerals exploration thrown in for good measure. They have $7 million in cash and the possibility of another million plus dollars from selling a graphite deposit. 33 million options expire in March next year so that's more cash coming their way. The market seemed to like today's report and, should Mr Haselhurst give it a plug before the September drilling starts, I reckon EBR could be up,up and away. I hold.
EBR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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