EGO (ASX) Investing advice for EGO

Originally posted by Singa71 ↑

This company has majorly underperformed for all it's holders. It's not the fault of one board member, they are all responsible, even ERM were at fault. They have disappointed the majority of holders and where I see it we have nothing to celebrate at this stage or even for the rest of the year. Imagine if this well isn't successfully repaired. How south will we go.

MIN has to URGENTLY step in and run this company as they run theirs if we have any chance to recover from our SP being smashed under the helm of this board. I would suggest MIN need to urgently replace 2 (3 would be better) board seats immediately. We do not want to see our board increase by 2. I can see this happening as it is clear they will protect every board member.

Regarding T/O from MIN I don't see this happening in the short term and to be honest don't even want to contemplate this as the SP offer would be very low. We need other players to be interested in a bidding war, again unlikely in the short term. Nothing will happen until the Origin situation comes to light. It's our only hope.

Anyway this company has badly performed and almost all holders will never see a profit from where I see it. The market and most holders confidence in this stock is almost gone and I see nothing going to change this perception in the short to medium term if this board remains especially after the 3 years of performance so far.

Nothing to celebrate about being a holder of EGO. For me sadly if our current team remains into next year then it's about breaking even and moving on as quickly as possible. What is clear to me is the longer they stay the further south our SP is going to be. Why do we all have to put up with such contempt and underperformance. Who actually works and pays for who here. Their remuneration has to be aligned to performance. Why do we all have to suffer.

Expand

Singa71.

I do not understand what you mean by underperforming if you mean the SP the board have no control over that.
That is market sentiment to the situation day by day nothing happened to make the SP go from.38 to .34 and back to .365 in about 7 days
What else they have been doing we are yet to find out if they have been performing or not.
If you know any actions the board have been underperforming on I would like to know.

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

SKS

Investing advice for EGO, page-50

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Featured News

Investing advice for EGO, page-50

Top Stories

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Featured News