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EGO empire oil & gas nl

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But presently MIN cannot get gas from EGO. Even if they takeover...

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Surandy70

12,339 Posts.

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22/07/16

13:46

Post #: 18337785
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Originally posted by Kit67 ↑

PS: the way I look at things: 42.5 cents now. a discount to MIN's initial price. MIN have a history of increasing their buy in price(s). MIN need to take over EGO to get what they want (for the gas contracts) - 20% shareholding doesn't guarantee anything. 45 cents is therefore their starting price (they have already signalled 50 in their options arrangement). Just a guess as to how high they need to go. Hartleys say 67 is current worth, but that is cutting RGN in half, so its more like 75-78 as a base. Hartley's calcs are based on "wholesale to market" prices too. Worth more to MIN in the hand. So I reckon anything south of 80 to MIN would be considered cheap. Therefore very important for MIN not to ramp the stock by saying anything silly. Quiet = good for MIN.

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But presently MIN cannot get gas from EGO. Even if they takeover EGO our gas production is fully contracted to Alcoa.

They would need to find more gas then expand the plant or build a new plant.

EGO Price at posting: 44.0¢ Sentiment: None Disclosure: Held
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But presently MIN cannot get gas from EGO. Even if they takeover...

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