Here we are closing in on the ERM pay out date with no news yet of an definitive outcome.
Should we flog the plant. I don't believe so!
Is a farm in partner about to save our bacon. I don't believe so.
So all that left seems to be a cap raise. At what price would they find support for such an ideah
$0.25. They would be lucky to raise a couple of $mil at this level
$0.20. They would likely do better here but as the SP would soften; it would be a tenuous outcome
$0.15 to $0.18. This is about where I see it being successful. So the word to Mums and Dads is take part or be heavily diluted. Start saving up now and be ready to what would be a great deal(at least for your NEW shares
Viney
EGO Price at posting:
32.5¢ Sentiment: None Disclosure: Held
