EGO empire oil & gas nl
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Liquidity

  1. Surandy70
    12,704 Posts.
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    21/03/16
    12:58
    Post #: 17326875
    According to the board the share consolidation would increase liquidity by reducing the spread.

    Consolidation was approved, spread has narrowed, where's the liquidity?

    I must be blind as looking at the chart for the last 12 months I cannot see any increase in liquidity since the consolidation was approved on 25/11/15. And since then there was drilling RGN#1, BS survey results and increased production at Red Gully, so no shortage of news.


    NB: Sorry I haven't posted a chart as I don't know how to get them to work.
    EGO Price at posting: 41.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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