ERM have a finger on the EGO pulse and find it appropriate to purchase a couple of million more EGO shares, why? Is it because ERM is just looking to waste their hard earned money on a minnow? No I feel it’s because ERM want to take a least a 10% stake in EGO to aid it to foil any potential takeover. ERM believes EGO is going to provide them with a very good return and want to see it reach its potential. The thing that gets me is why the shareholders can’t see this and pick up as many EGO shares at these low, low prices. The price does not reflect the value of the company with what has just happened this year so far. It should be somewhere in the mid 2’s. I know a lot of shareholders would like to see EGO at $0.06 +++. EGO is a producer now and making money. It is not just an explorer, burning money finding NO results. Let us see the EGO share price boom with the results of the latest drill results. Does anyone else have an opinion on ERM and their EGO share buying spree? Coob
EGO Price at posting:
1.4¢ Sentiment: None Disclosure: Held
