Good post Stumpy. I think people need to re-read (a) the reports from mid-2016 as to the cost of remediation and when that was budgeted/paid for, (b) the Hartley's valuations, and (c) the recent reports, to put in context the size of estimated reserves. We have the quarterly report due out early next week - I think that will bring back some common sense to this argument.
Wouldn't be surprised if Ellison was considering a further stake right about now. SP versus risked valuation has diverged too far.
Kit
EGO Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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