EGO (ASX) ERM Debt

Originally posted by joewolf ↑

I thought you were still trying to convince everyone that you have no loss until you sell. Sorry but unfortunately the well cannot be a success right now it may be recovered and ultimately be a success and really who knows if its their fault.

There are a few things in life :

1. The person who has constant misfortune very often is part of the problem. People who get the correct parties together and can get the job done are successful but if you dont have the right mix it can all go pear shaped.
2. When the board took over the share price was 1.5c or $1,50 today 32c.
3. The well has not been the success we expected and the results or even if there will be a workover is still to be laid out.
4. In reality its no longer a maybe its extremely unlikely that $1.50 will be seen anytime soon.
5. I dod hope some of you would have looked at my other posts and followed the 2 I am passionate about they are up from 56c to 67c and from 51c to 62c I am working my loss off whilst time is flowing by.

By the way you have also failed to answer some of my questions but I can understand that.

Herewith a simple and easy response to the loss of money:

Google this: why a paper loss is a real loss in equity

There are many but the best I like is the 15 myths of investing. The other nice one is if that is so why do virtually 100% of people when asked about the value of their home give you a view on its market price. Its because that is the value they can realise and the share price is the market price you can realise.

I do think its about time you started to at least accept that things are , with uncomfortable regularity , not going the way we expected and that in some way shape or form that has to be put at the door of management.

I still hold a small parcel...

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Always sobering to hear some wisdom from you Joe Wolf. The AWE developments are interesting for holders (as usual), but glad to here you haven't succumbed to the Myxsamatosis problem effecting some holders & others in recent months.