EGO EPW

Harry, $3.75m plus interest versus $4.08m placement/rights issue...

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  1. Surandy70
    6,736 Posts.
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    21/11/14
    16:46
    Post #: 14332144
    Harry, $3.75m plus interest versus $4.08m placement/rights issue to ERM with a VWAP of $0.006, we will struggle to repay the current ERM loan if the current trading is to go by as the VWAP the last couple of days has been south of $0.006

    This is why I am concerned about us borrowing more funds for something that is not essential, especially when the reserves have yet to be independently tested. Are there enough reserves to get us through to, or beyond, Tranche 2?
    EPW Price at posting: $1.93 Sentiment: None Disclosure: Not Held
    EGO Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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