"Empire Chief Executive Ken Aitken said that the continued excellent Red Gully reservoir and facility performance has accelerated the start of Tranche 2 gas sales and would underpin a major transformation in Empire’s financial position."
The current price couldn't possibly reflect this. Perhaps 0.7 cents does. With $10mil for each .1 cents how high can it really go? Consolidation is inevitable once Tranche 2 starts.
EGO Price at posting:
0.4¢ Sentiment: None Disclosure: Held