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EGO

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12.0¢ empire oil & gas nl

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Vistica

6,543 Posts.

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21/04/16

10:07

Post #: 17563755
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Originally posted by Pinnacle ↑

Personally & in hind sight the best move would have been to secure money for drills & have ERM as a paying partner rather than buying them out of their tenements to throw us into deeper debt. That way we could have drilled RG & next to Waitsia. Next point...not approve such a massive consolidation.
If this company was similar to the other oil & gas co's out there then we would have an increased SP like the others instead of the opposite.
Do you really believe we would be at these historical low levels had we not followed our illustrious boards decisions? Think about it..........No debt & a CR that was used to raise money for 3 or 4 drills rather than a debt laden company with pie in the sky drill prospects.
We were all so tortured from the last board that we just assumed that these guys (the ERM selected board members) could not be any worse. What we are forgetting is that they were the same people holding Marshall's hand while we were building that gold plated plant. While we were begging them to help us get him out in the first 249d they would not listen & simply held there fingers in their ears like children going Nah nah nah nah. But wait.......12 months later they realised that we were right & asked us to help them get him out.
Ironic or just pathetic stupidity that we vote in the same blind Freddie's that were clueless in the beginning as the people we think best to run this company.

OK there.....I feel better now.

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spot on pinnacle,spot on.
never once did this board taken slightest notice of what we have suggested.
their ignoring sh will be the death of this coy.
if it gets to 45c again,i'll be out.enough is enough.....shit over 8 years.

EGO Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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