I m starting to turn bullish on the stock. Seems the big overhang being Wardferry with 12m shares is now gone without any impact on the share price. There is strong support on the stock around 11-12c. I feel all the bad news are priced in and any bit of good news (such as for example new JV, good results or restructuring of the notes), the price will shoot through the roof. Also the fact that EPG assets are in Europe is very good news for us since we are not subject the RSPT tax. Thats likely to attract lots of potential partners in Australia who want to diversify their risk.
EPG Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
