Australia's largest stock trading and investment forum Australia's #1 stock forum

EGO

0.00%

12.0¢ empire oil & gas nl

Agreed Ally ... I still have faith that this new board will...

First 52 Last

Share
Profile

Follow
wingedwarrior

6,726 Posts.

1401

25/09/14

20:08

Post #: 14030344
Share

Originally posted by Allyoops2 ↑

Japes
I agree with what you say but what surprises me is that up to now their Ann's have been concise and to the point. It is almost as though it has been penned by other hands and reminds me of the difficulty in understanding Ann's from previous management. In spite of an update we are still no wiser as to the intentions of the deal as at the end of the day we are just (battling shareholders) trying to get our money back and hopefully make a profit.
As shareholders we stand to either lose or gain on our investment with a rising SP we will all gain and our largest shareholder will gain the most. If ERM purchase another 10% in the CR at say .008 cents and the 10% already held at an average of around 1.4 cents gives an average buy price of around .011. I wish my average was .011 cents.
my point is ERM are going to make a lot of money on their shares should the SP rise as we all hope it will, so I am puzzled as to why they think this is a good deal for all holders as in addition to the probable doubling (or better) of their investment and adding the 16.4 million buy out money plus X million top up makes it a very attractive deal to ERM.
there just has to be much more to this still to be announced.
I emailed EGO late yesterday but to date no reply.
ally

Expand

Agreed Ally ... I still have faith that this new board will reveal the 'ace up their sleeve' prior to the AGM; however, the NO vote looks the go without further clarity for me & my smallish holding involving 5 family investors!

EGO Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

First 52 Last

Add EGO (ASX) to my watchlist

Agreed Ally ... I still have faith that this new board will...

Top Stories

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Cyclone signs MOU with Vale for development of Iron Bear play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Banshee's historic trenches prove rich in antimony and gold for GDM

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Featured News