Topender, Ally, WW, Thanks for the sympathetic hearing.
EGO board have to negotiate a beginning SP with ERM. At what point does that get set?
Well, obviously something needs to be agreed before $16M is handed over.
I last said that this will be a very Chaotic period.
All sorts of anns will be being made to jerk the SP up.
Things probably won't settle down till well after Xmas.
They should negotiate for a starting date for any Top-up to be calculated from after the dust settles.
120 days from signing should be a time of a fairly stable SP for a starting point.
Next I'm going to think about the need for an immediate C/R etc at the likely all time low VWAP.
Gotta run and catch up with all the other Grey Nomads'
Cheers, Japes
EGO Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
