EGO 0.00% 12.0¢ empire oil & gas nl

Todays Trading, page-26

  1. 8,612 Posts.
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    I would have thought the R/I is Independent of the ERM deal. If the ERM falls over because of some issue raised by DMP, then I would have thought, that the R/I would still need to go ahead.
    maybe there is some reason that the R/I is being delayed because of the delay in getting approvals from the DMP?
    certainly, in the R/I documentation, maybe they feel that the R/I Take-up will be problematic because the ERM deal is in limbo? that's probably right.
    I was thinking that the R/I is delayed because EGO are hopeful of executing a value-adding deal, which would increase the take-up by s/h of the R/I. I am thinking of a farmin deal. And that would take a while to put together.
    But a farmin deal could not be consummated until the DMP registers the change of interests I guess.

    cheers
 
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