EGO 0.00% 12.0¢ empire oil & gas nl

Looks like a T20 holder has had enough, page-32

  1. 5,453 Posts.
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    Ahjay. The board may be seen in a different light if they engaged with shareholders through their announcements in a way where shareholders can actually see where this company is going. Fluffy announcements with little constructive detail and pie in the sky drilling programs which are dependant upon finding finance via a farmin partner.
    Hasn't happened and not likely to happen if those farmin partners are seeing the same information shareholders are.
    Does this company's board actually know the business as per their published governance statements.
    IMHO they do not.
    EGO is an O&G explorer with production as a side business. This board IMHO only knows the side business. The exploration side seems to be a complete mystery to them.
    Exploration is about getting the market involved in the drilling and the potential of what can be found.
    Tell me, how did the market react to the RGN-1 drill and the 53m of gas pay.

    THIS BOARD DID NOT SELL IT.

    They did not say what the composition of the gas pay was nor where the 53m of gas pay was located for shareholders and the market could compare to the graphics of WAPET's legacy finds at GG1 they so frequently showed in announcements prior to the drill.
    They failed miserably and continue to do so.

    All shareholders the 5000+ of us own this company. It is not a fiefdom for the few shareholders who have the majority of shares. The likes of ERM, Vison and a few of the top 20.

    Maybe Singa71's earlier prediction some weeks ago about this board will come to be.

    DYOR
    Last edited by healyn: 03/03/16
 
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