EGA 0.00% 28.5¢ egan street resources limited

Ann: Indicative Debt Funding Proposals Received For Rothsay, page-16

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  1. 10,813 Posts.
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    I would go so far as to say EGA is the anti-MUS

    Yes KIN is a warning of what can go wrong, but there were plenty of warning signs that things weren't right at KIN before it imploded. Firstly all the management turmoil proceeding the implosion. Secondly, the rushed nature of the DFS. Thirdly, trying to build the plant on the cheap out of scrap parts from other mines. I looked at KIN and chose not to invest based on these factors.

    I agree that there appears no real rush to buy EGA right now. The only reason to do so is if you like me want to hold for at least 12 months to get the CGT discount and/or you want to take a large position (which I have). Hopefully gold will run in 2019 giving us the kick just when we are going into production.
 
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