Toppy and Wabbit, I understand your position but feel you are both blind to the basic facts and Fully Baked is just saying what he or she thinks. I agree with his sentiment, so do many on this forum.
You lot of supporters continually compare other oil/gas companies to EGO. Well from my perspective is that you cannot compare others to EGO. We actually produce and earn income all the others don't in the Perth Basin, do they have a plant etc, so why bother talking rubbish.
Plus if we remained at a SP of 0.005-6 before consolidation our SP wouldn't be at 0.003 as it is today. We had plenty of announcements, drilled etc. Our stock was liquid and I believe we would be above 0.005 to 0.007 range. But we will never know will we. Debt isn't an issue as it will be paid and board using free interest period, obvious to me, BUT you lot continually say the debt is holding us back, again rubbish. Even blame global oil price but look into all the companies you compare against EGO and they all have problems. We simply don't as we supply gas and earn income. We have a lot more upside than any of these other players.
So the real problem is consolidation, ill-liquid and our current boards decision making and planning.
The current situation at EGO is pathetic and bad decisions have been made by our management by this huge consolidation and lack of drilling action, haven't even communicated in detail about anything of substance we all have to wait until they repay loan then the flood gates of info will be released, that's what I think.
Every holder is losing heaps, not just the mums and dads.
The company, remains in nowhere land and SP will go lower. So this is not a stock to invest in whilst we are managed the way we are. Change has to happen and I for one hope it happens very soon. That's my opinion and I am remaining of the opinion our board have blown my investment and as a result need to go. Fairly simple but what would I know, you guys understand so much more than me I guess.
Anyway keep talking about ASX 300, Woodside (Wabbit) you have absolutely no idea about EGO do you. Your supporters which isn't many keep comparing about others and global conditions and keep praising our board for great decision making and performance. You lot must of got given all your shares for free as the rest of us a sick and tired of under achieving boards that destroy our investment and that is exactly where we are all at.
You have your vote and I will have mine, simply isn't it. May the best win, hopefully it is us.
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