Australia's largest stock trading and investment forum Australia's #1 stock forum

EGO EPW

Ann: Q&A - ERM Power transaction and AGM, page-17

First 17 Last

Share
Profile

Follow
andy bee

1,847 Posts.

31

22/11/14

10:51

Post #: 14334696
Share

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.

Expand

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
4 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ATC

Altech ticks off first stage of project financing for CERENERGY

First 17 Last

Add EGO (ASX) to my watchlist

SPONSORED BY