EGO 0.00% 12.0¢ empire oil & gas nl

The Rights Issue will restrict share price movement until it has...

  1. 1,578 Posts.
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    The Rights Issue will restrict share price movement until it has been done.
    Every time we have had a RI in the past the stock has traded down to the issue price. I'm tipping it will be the same this time around.
    The only other negative I can see is ongoing legal matters which the market generally dislikes.
    Once the above two matters are behind us and the cash flow kicks in from RG gas sales it will be blue sky ahead.
 
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