EGO
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0.00% 12.0¢ empire oil & gas nl

EGO at buy at !0c, page-26

  1. Westhx
    5,224 Posts.
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    30/11/15
    16:36
    Post #: 16511882
    The sector continues to be obliterated. The drill will have to be exceptionally good to spectacular to sustain the price.

    Mini snap shot so far since this totally unnecessary consolidation:

    Opened at 60 cents and now 52 cents and down another 9% today.

    Liquidity non existent. Buyers likewise. They consolidated into a despised sector looking for new investors - sound logical thinking there?

    Yes I know we are waiting for a drilling result and we were before consolidation.

    Anyway, its done but hopefully not dusted.
    Last edited by Westhx: 30/11/15
    EGO Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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