Domestic Gas Producer WA
Market cap 32.7m @ 32c, Cash 3.1m at last quarter, Debt ~15m
MIN just purchased 19.36% of EGO in a blocktrade from ERM at 45c a share. MIN has plenty of cash and are clear about wanting to extend their LNG operations. Tipping the market will speculate about an upcoming takeover bid or failing that about the support an industry heavy weight can provide to EGO.
