Today's announcement indicates EGN is on track to becoming a profitable business.
The comment about Ganesha Nominees (read Michael Coote)being in receivership, and hence shares being sold is interesting. This selling pressure will pass, and ENG should gravitate to reasonable value (whatever that is).
My instincts tell me that EGN is a no-brainer at the current SP. I'll look into this in depth in the new financial year, but as others have commented, there will probably be a dearth of information. I will not be buying, because I have heaps of ENG, and big losses, having got in early when the news looked good - news that turned out to be a mirage at best, perhaps criminally misleading.
EGN Price at posting:
99.0¢ Sentiment: Hold Disclosure: Held
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