The valuation by mpsecurities is dated 13/2 and appears on www.europeangas.com.au as though posted the same date. Its a well presented, logical 13p document chokablok full of great background, scoping and timeline information ... oh and an unrealistically low valuation of just 91c per share lol.
EPG answered an ASX speeding ticket mid week with the standard "we know nothinkkkk".
Why wouldnt they make an ASX announcement at least stating that a valuation had been done and give a link to the EPG web site for anyone interested? Why would EPG just quietly post it on their web site?
I am thinking it was legal and deliberate, but why? Could it be that web site based information is more readily accessible to European investors? Thinking back on the past few months, I could barely raise any interest in KBO/EPG on hc despite frequent posts as the story unfolded. Obviously, the smart money is coming from Europe.
Imo, a European bourse listing is imminent and that the company appears keen to load up the register with Euorpean investors. Why? Simply because they will rate the company correctly to reflect their European asset base ... bah humbug to a 91c valuation based simply on comparison to supposed Australian peers! It wll trade in multiples of that valuation imo.
Any comments?
Cheers to all
Poyndexter
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