EGO empire oil & gas nl

Dead Calm, page-6

  1. 8,452 Posts.
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    ML

    Even the volume is unpredictable. One minute there is a battle over a price (80k turnover) then dead quiet again. I have noticed some of the previous 45 cent offers dropped their price, as did the 40's. As a result, the air appears slightly thinner, if we ever get back the momentum to restest those areas. For now I expect a gradual firming (not necessarily a rally, but better support perhaps) as we approach 1st September. After that date we will then be on "new alert watch" as we wait for either MIN to move, or EGO to announce progress on RGN1. Either way, as each day ticks by the tension will build, and I can't see anyone who has held on until this point wanting to jump - just in case.
 
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