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

EGO

Click for more information

0.00%

12.0¢ empire oil & gas nl

One innocuous paragraph from the Annual, page-10

First 10 Last

Share
Profile

Follow
gsaussie

225 Posts.

09/10/15

15:42

Post #: 16147049
Share

Originally posted by healyn ↑

The announcement on the date you mentioned is in regards to the completion of the small holdings sale and it is only a single page.

If you mean the presentation dated 2Sep15 and the coloured wheel on page 3. That is not a strategy.
That particular presentation was directed to the O&G industry not to us. Did the earth move after that presentation? Seems it did not, we are still stuck in the trading range of 0.045 to 0.040c and with 10B+ shares in EGO's register the volume traded each day is almost nothing. It seems nobody was impressed.
Perhaps there will be an announcement sometime between now and the AGM that may move the SP a little but all the positive announcements to date have done nothing. Hopefully whatever EGO announces to the market, presuming there will be one or two announcements, will be spectacular as the present SP is a reflection of the market's interest in this company.

Expand

What do you think will move the share price?

The company is an explorer. The share price is only going to increase when we find more oil and gas. The market has already priced the production component of the business.

I know it's boring mate but you need to be patient.

EGO Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The winners & losers on market if negative gearing were gone

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

There are more pages in this discussion • 17 more messages in this thread...

First 10 Last

Add EGO (ASX) to my watchlist