re: Ann: Notice of initial substantial holder...
ERM has acquired 401,192,777 shares in the last four months, ie since 22/4/13.
Prior to this buying they held 39,311,000 shares. Looking at the daily volume traded on 18 & 19/4/13 it wouldn't surprise me if ERM first started buying shares on either of those days. Especially when you consider the daily volume prior to 18/4/13 and then since then.
On the days that ERM has bought they have made up a significant portion of the volume traded.
What announcements came out on 18 & 19/4/13?
18/4/13: Red Gully Gas & Condensate Facility Final Cost Estimates
19/4/13: Non Renounceable Pro Rata Entitlement Issue (and related documents); Approval to commence Wannamal 80km2 3D Heliseismic Survey
EGO Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
