EER 0.00% 3.6¢ east energy resources limited

help needed - what is going on here? , page-14

  1. 56 Posts.
    has anyone considered the potential for an Underground Coal Gassification project at Blackall....key to consider is if the entire resource is uneconomic in terms of grade and potential geological structure, the Company could undertake a anlysis into the benefits of UCG...Hopefully they will consider this to a certain degree as Blackall is some 700km from the coast meaning $$$ transport costs with a falling coal price anticipated.

    In any case IMO I believe that the JORC shall return some form of boost to the sp despite the massive dilutionary effects of the rights issue....we have to actually wait and see how much is taken up - I could conservatively guestimate about 30%....

 
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