EGO 0.00% 12.0¢ empire oil & gas nl

Calling the bottom, page-54

  1. 5,648 Posts.
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    Sorry to use the same example did not see your post until after I had finished composing mine over the past hour inbetween market watching.

    Probably good that some of us think logically lol. So do I have to share my win with you or are we choosing different weeks?

    What you do raise which worries me is this:

    1. I have been hugely scared that because I dont see good communication or what I had expected. I am less comfortable that in desperation we one day wake up to someone earning say 60% for free carry of one well.
    2. I am not sure that that is in our interests but at the same time how do we raise the cash to drill anything right now.

    What worries me is someone coming in and earning say 60% on all the tenements for say $5 million cash and 2 free carries for say $12 million. That kills the upside case for this investment yet 50% of EGO now is only worth $16 million...

    Dont know whether I am being rational or just emotional?
    y
    Last edited by joewolf: 16/05/16
 
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