EGO 0.00% 12.0¢ empire oil & gas nl

ERM should abstain, page-20

  1. 8,619 Posts.
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    don't be surprised if that big turnover at $0.006 represents part of ERM's holding.

    I note that ERM sold their s/h in Metgasco. they had about 12.67% of MEL. it looks like they sold it all at market price.
    But no Sub S/h Notice has been lodged as yet.
    I think a buyer would have 3 business days to lodge??
    so maybe that is up tomorrow?
    But my point is, if no Notice lodged for MEL, then the sale must have been to multiple parties?

    so the turnover today of 128m EGO shares could be ERM flogging them off in numerous parcels.
    Mr garrett could be a buyer- because he can buy up to 19.9% if he desires. and the window for directors to buy is probably still open.

    or it could be anyone else.

    but that size parcel indicates someone is rattling the cage!

    any movement up is good in my book.

    cheers
 
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