Hi all
I am concerned by the following.
1. We have no money.
2. We seem to be faffing around not knowing what to do next.
3. By issuing 50 cent options to Min we appear to have given them a clear path to a takeover, as when they are converted min will have around 25% of ego with 20% being the max holding without mounting a takeover bid.
4. I am concerned that we have no farm in partners after around 4 years of talking about it, and I am petrified at the percentage that will be offered to any potential partners in order to progress more exploration.
I too think selling part of the Red Gully plant after (fixing) could be part of a solution to getting the drill bit turning ASAP.
Are the board considering these or any other options, if so please let shareholders know because we deserve to be kept up to date. And please remember shareholders cannot judge board performance unless we are told what the board is doing. And please do not rehash the past anns as we are sick of seeing the same information time and time again.
Hoping things inprove dramatically soon.
Ally
EGO Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
