EGL chart, page-59

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capital3157

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25/03/21

17:59

Post #: 52044877
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Originally posted by bellcurve: ↑

Bricklebar, am sure these things are coming, in due course.

the combination of a new CEO and a revitalized board are already in place and we're seeing the impact of these moves already in share price, market cap, volumes traded etc.

there is no doubt a lot taking place beneath the surface too, which isn't newsworthy as such but makes the EGL vessel ever more seaworthy.

i can't remember if the company is required by ASX to report quarterly or half yearly.

but as it's coming up to the end of the March quarter, i'd like to see before too long issue of full year guidance for key metrics or confirmation of existing guidance. In part just to limit the risk from any negative surprises.

EGL reported in the half yearly at the end of February that it had around A$764k in the bank.

this strikes me as running too thin.

thinking out loud here and not being privy to any discussions within the company, if EGL wants to expand it will need capital to do so, and might tap shareholders to fund a decent plan.

if stellar SP gains continue, a CR at 10c to raise $5m might be possible in coming months.

yes this implies dilution of 20-25% or thereabouts but should be seen in a positive light.

the company would then be well capitalized to grow the business. and shareholders likely would benefit from increased liquidity, something that has always been a problem to date.

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Actually, the more I think about your cap raise @10cps idea the more I like it.
Not only would it give balance sheet strength...

It would dilute the Richardson's further and lessen their control which from history can only be a good thing.

EGL Price at posting: 7.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 26.5¢		Change 0.005(1.92%)		Mkt cap ! $100.8M

Open	High	Low	Value	Volume
25.5¢	26.5¢	24.5¢	$94.66K	374.8K

Buyers (Bids)

No.	Vol.	Price($)
3	79000	25.0¢

Sellers (Offers)

Price($)	Vol.	No.
26.5¢	4864	1

View Market Depth

No.	Vol.	Price($)
3	79000	0.250
3	142537	0.245
3	184160	0.240
1	2500	0.235
2	8447	0.230

Price($)	Vol.	No.
0.265	4864	1
0.270	18500	2
0.280	71407	5
0.285	10750	1
0.290	43042	2

Last trade - 16.10pm 26/06/2025 (20 minute delay)

EGL (ASX) Chart

EGL chart, page-59

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EGL chart, page-59

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