Hi Fluffy,
If we believe there is gonna be some positive news on the debt restructuring, I would also expect EGL to raise money (I would actually expect EGL to raise more than EUR10m if EGL is serious about developing its CBM assets).
But I would not understand the management if they were to raise money at a price much below pre Gazonor acquisition levels (i.e 60cents +) especially now that the cost structure has been significantly reduced, new permits have been granted and a new reputable team is in place.
That's a pretty significant upside from current prices.
Bartom
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- this is starting to look the "goods"
Hi Fluffy,If we believe there is gonna be some positive news on...
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