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28.5¢ egan street resources limited

Whatever EGA is it is not a director's lifestyle business. Maybe...

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Davisite

10,813 Posts.

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30/10/18

22:08

Post #: 36322453
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Originally posted by Liebherr ↑

Originally posted by Davisite
I can't see it going under 18c unless the bottom falls out of gold or the A$ goes through the roof. Having said this I said the same at 25c and 20c. There certainly is no news driving down the price.

Yes the mine plan looks sensible and provided the whole process is managed well it is hard to see anything major going wrong - it is not a complex or large mine. At this stage the biggest unknown is the condition of the old mine drives and how hard it is going to be to rejuvenate them, but it doesn't look like a massive job. Just as long as we don't have a KIN or GCY type board fight then all should be good and just a matter of being patient.
Unfortuanetly this seems to be another asx listed lifestyle company for director's, half price share price in 6 month's surely that's telling you something

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Whatever EGA is it is not a director's lifestyle business. Maybe take a look at the annual report and you will see what they have done over the last 12 months.

EGA Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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