DEFABSTAR whilst generally stocks move in relation to their exposure to the discovery and in relation to market capitilastion and their exposure to the project i think EBR is way undervalued based upon todays results. prior to drilling EBR touched 14 cps and now with a positive announcement is arround 11!!!! apart from the future oil/gas drillig prospects that EBR have i am convinced that the exploration ground they are currently exploring in the Gawler Graton(MNR/OXR) provides far more upside in the long term. Moby is of course a huge bonus perhaps more than has been revealed but i would suggest that a look at Minotaur and its productive areas around Gawler is worth while particuarly given that Oxiana is a joint venture in this project.. i think EBR is a sensational opportunity with minimal downside and exposure to very real exploration opportunities. I would also suggest that TTR(tectonic) is also hugely undervalued particuarly given todays sensational announcement. happy to discuss my reasons on both stocks. cheers crookers
MOG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
