EGO empire oil & gas nl

Clearly there are some fairly experienced posters who actually...

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    Clearly there are some fairly experienced posters who actually believe that there are two main ways to jack the share price.
    Firstly through publishing bull-ship announcements like the old me used to do, or through consolidation?

    While the announcements and reports this company publishes look to me to be nominal, and maybe even minimal rather than over the top and forward looking and even fanciful, I doubt that anyone would approve of reverting to the old ways?

    Similarly it is not the job of the PR person to be spruking anything other than the real facts if there is any spruking to be done.

    One aspect of a consolidation which intrigues me if the consolidation were to proceed; Could this be sending a message to the market that the Company is done with Capital raising activities? Or does this recreate the cycle which would enable more to occur at some time in the future when the share value follows the track experience in other companies has shown and many have predicted will occur if this consolidation goes ahead?

    As much as it would be intersting to see some raw and rash share price responses to the announcements, I actually find it quite reassuring that the market is quietly waiting for really substantial developments to occur/become known. So, If outrageous announcements are off the menu, and there might be some doubt about a consolidation going ahead without sustainable reasons, then it looks like we and the market are going to have to be guided by the time proven method of share valuation, which Harry has outlined: I think it goes something like, the value of assets less liabilities, divided by the number of shares issued.

    As for upside this side of a gushing success at Red Gully North in a few months time, I think it is anybody's guess pending the release of more information about the results of the Black Swan survey, and arrangements to pay off the loan to ERM.

    DITCH THE DISILLUSIONMENT AND TOP UP ON PATIENCE FOLKS!
 
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