EGO 0.00% 12.0¢ empire oil & gas nl

The interest will also be what the directors do after the...

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    The interest will also be what the directors do after the results. They bought up big at 6 cents but no-one wants it more than 4.6 cents with 1.5 mil now being asked at 4.8 cents and large resistance building at 5 cents.

    Let's also remember than there was almost no stock traded at 4 cents. Anything in the 4's was nearly all at 4.5 cents and that is where the bid is around right now. Remember also the very strong buy depth prior. Presently we have 15 mil on the buy and 65 mil on the sell.

    This shaping exactly as many predicted post consolidation with absolutely no buy strength to support the stock due to a weak illiquid spread. Waiting and hoping to be proved wrong but if this drops below even 4.5 cents then you have your consolidation outcome.
 
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