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joewolf

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16/05/16

16:24

Post #: 17780317
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Originally posted by healyn ↑

Doesn't anyone read anything our management team puts to the market?
There is now an anticipation of something happening, refer to page 6 of the March2016 Activities report

"Empire is anticipating the Lockyer Deep prospect will be drilled in the second half of 2016, subject to finalising funding alternatives including potential farm-in partner(s).

This was approved as the commitment well by the EP 368 joint venture.
(Reference ASX release of 16February2016)."

But like the 4 well drilling program for 2016 this appears to be something the management teams discuss around their morning coffee. They are just words placed in the report so it fills up a blank space. Just like everything else they were and are going to do but note one thing that had changed, the word "anticipating". Words like "strategy and planning for" are no longer in vogue for this lot.

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Healyn - sorry I did read that and then with the issues of RGN1 I decided we did not have the funds to drill it as we had not even arranged finance to repay ERM I thought it was just fluff.

I am anticipating that I will one day win the X-lotto but I don't know when. Is it a dream ?

Its a plan when someone sets out a logical pathway to do something. To anticipate is just a wish or dream as I see it. To put out the plans and direction they have without the resources to do them isn't what I meant by a plan.

EGO Price at posting: 31.0¢ Sentiment: None Disclosure: Held
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Calling the bottom, page-52

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