I also just can't get my head around this top up mechanism. All the talk of an experienced and qualified new board (and i'm not disagreeing on this point); then they come up with this top up proposal.
Can someone please find me an example of a reputable or in fact any company introducing such a plan to their shareholders?
I still cannot fathom how this is in any way positive for EGO. Please explain?
Why not offer an option that other experienced management teams bring to their respective company shareholders?
This is about ERM and the exertion of its influence over the decision making at little old EGO which will ultimately result in a pure benefit to them.
BTW going on past reserve figures I doubt the B sands figures will be too sensational (but great compared to D sands) when they are released. It would be nice to have this figure, but for me this fishy smelling 'top up' alone means I will not be voting 'yes'.
EGO Price at posting:
0.6¢ Sentiment: None Disclosure: Held
