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wabbit

4,299 Posts.

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06/04/17

12:10

Post #: 23902155
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Originally posted by docmin24 ↑

I am just trying to find a positive with where we are at or where we can end up. The only way is to see the north being drilled, that would be a long time away and cost plenty funds we do not have. We have debt payments and the fall out with RGN again more costs etc plus lengthy time delays. The company appear to be focused on a desperate attempt to get cash from MIN, farmin or cap raise etc. PANIC STATIONS.

So if unsuccessful with farmin, would need cap raise, at what VWAP, it would be at a very low price. If this happens then MIN would be in the box seat to snap most up and average down considerably. Huge holder of EGO, I see this as the likely scenario.

Holders could also average down but I think the company has no love any longer for holders and they would probably do issue to SOPH's not holders as this would cost a lot less to do, plus a lot quicker to do. Again holders lose there chance to average down if they see any worth in EGO going forward. They can only average down on market with small offerings.

We are now entering a very serious company changing event, one that has me worried for my investment. I either have to throw big money to average down to 30c or wait for another 2 yrs. This is certainly worrying times isn't it.

How on earth have our team got us to this point. I know but will not comment. How does one even come close to saving ones investment in EGO. A big well done to our board, how do you sleep. What are the positives they can present at AGM. My take is MIN will acquire a huge stake by a number of means. Unfortunately holders are going to be the biggest losers here no matter which way it goes.

Unlocking value my ass, shame on this board. Words cannot describe of your performance. We all have to decide to throw good money after bad or hopefully consolidate losses which isn't a easy task is it. What to decide?

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docmin24.

I wonder why someone sold 1500 share for $232 if they had purchased at .60 cent there lose would have been $668 and would have made a difference to some holders 10 times that.
Does not make any sense to me.
The plant and wells would be worth more than our market cap .

Last edited by wabbit: 06/04/17

EGO Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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WOW, page-32

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