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Ann: Q&A - ERM Power transaction and AGM, page-16

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andy bee

1,847 Posts.

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22/11/14

10:49

Post #: 14334689
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Originally posted by Japes ↑

Andy,
I noticed your leap of faith into EGO. We share a common interest in LNG, but I haven't shared your big moments - yet. Could you elicit an opinion on whether S.I.'s will invest as newbies in any future EGO C/R's, generally?.
Or whether an immediate C/R to pay off ERM $4M loan would get taken up?.
If that was to happen, would EGO become more loan worthy or equity for favourable cash, to carry them through one $10M drill program??
Just kicking tyres again, in the face of the mob saying no-one will support a C/R, unless it includes sucking up to ERM.
By paying off ERM's $4M loan, we can almost pause to hear resource updates in Jan 2015.
ERM have also said - I think - that if we vote NO, they will extend the loan repayment date until June 30, but I'll stand corrected on that. I'd think an early repayment will be more impressive.
Un fortunately, I'm guessing the $4M C/R might need to be 0.5cents.
Cheers, Japes.

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mate,,, as a s/h in erm,(20& holding in ego )I can only see good for the proposal for both co,s and seems to me that erm is taking a hell of a risk but if the gamble works can only be good for all concerned

EGO Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held

EPW Price at posting: $1.93 Sentiment: Buy Disclosure: Held
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