EGO stated the ERM Credit Facility was due to be repaid by 31 March 2015. Funds for repayment of loan were to come from R/I.
I previously posted examples of the timetable of some other coys who conducted R/I.
EGO would need at 4-6wks to conduct the R/I - so clearly won't happen in time for 31 March.
So we can expect an announcement of an extension to the ERM credit facility.
maybe that's why EGO don't seem to be rushed?
They said somewhere that the Allied default issue was unresolved and headed for court (just like Wharf).
But I cannot see the Allied issue as delaying the R/I, because all EGO would need to do is include disclaimer details etc around the Allied issue?
where is TerryA? I think he could shed some light on that Allied issue and R/I.
cheers
EGO Price at posting:
0.6¢ Sentiment: None Disclosure: Held
