EEG

6.12%

23.0¢ empire energy group limited

So you discredit my post on charting, write a book and say it's...

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Archieus

1,076 Posts.

84

04/05/18

15:08

Post #: 32890147
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Originally posted by Jayse ↑

I 100% agree with you Jamie, charting a company that has been dormant for 2 years is guessing.. the important FUNDAMENTALS are that the company "continues to carry out advanced discussions with potential JV partners." As per the quarterly. Having had the fracking ban lifted the company is in the best position it has been in for years. Have a look through the recent partnerships the company had in place before the ban came in for fracking. This has now gone.

EEG is next to Beetaloo Basin which is owned by Falcon Energy who boast a $360 mil market cap, EEG has $45 mil MC and has 14 million acres. These are all reasons for the SP to be trading in the high 3s and 4s. Company has had 2 years to get together with JV's for when the ban got lifted, they would not have been sitting around doing nothing. This is reflected in the comments in the quarterly and the pres.

The company has been RE-RATED as a result of the recent developments with the NT gov. This is why charts aren't relevant. Is basically a company maker.

I had a field day yesterday with the tree shake and was able to add a considerable parcel to my large stake already at levels that are not reflecting the value of the company. It has given me the chance to pick up more than I was going to be able to when it was in the 4s. From discussions I had with my broker, 10c is the conservative SP in the short- medium term. Would absolutely love to be able to pick more stock up however, I feel the buyers that are close to the story will be happy to soak those up. " A poster called Gym junky" came up with a similar suggestion using a chart in regards to a retrace a little while ago, it then went back on to 4.3c. This is because they are too cheap at these levels based on the everything the company now has, the ban being lifted and the JVs we are expecting. All my opinion, let's see how the story unfolds. Very excited moving forward.

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So you discredit my post on charting, write a book and say it's only your opinion, right. ok then.

Have you been holding this for 2 years? If your broker is promising the world but nothing is happening. Time to get a new broker.

He may even be using you to off-load a bigger clients losses. Have you ever asked him does he obtain shares for you via cross-trade?

EEG Price at posting: 3.4¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 23.0¢		Change -0.015(6.12%)		Mkt cap ! $233.9M

Open	High	Low	Value	Volume
25.0¢	25.0¢	23.0¢	$197.4K	851.0K

Buyers (Bids)

No.	Vol.	Price($)
3	60000	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.5¢	7500	1

View Market Depth

No.	Vol.	Price($)
3	60000	0.225
5	588269	0.220
7	418994	0.215
9	971699	0.210
4	675500	0.205

Price($)	Vol.	No.
0.240	64763	2
0.245	2544	1
0.250	127216	2
0.255	173500	3
0.260	40999	2

Last trade - 16.10pm 04/10/2024 (20 minute delay)

EEG (ASX) Chart

So you discredit my post on charting, write a book and say it's...

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