Investors lost confidence? Hardly. Just about everyone who trades on the ASX holds a bit of EGO? LOL
They are waiting for word of a permanent CEO.
"The Board is reviewing a possible short-list of high-calibre candidates for the CEO position"
What exactly "high calibre" means at this stage is moot, but I imagine it will be someone who ERM as the major shareholder knows can run a successful O&G business. Dare I say it may be one company comprised a devolved ERMGas and of course Metagasco on the east coast.
EGO Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held