EGO EPW

Its a dumb deal in my opinion. As an ERM shareholder I dont want...

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  1. joewolf
    4,503 Posts.
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    30/10/14
    14:24
    Post #: 14208340
    Its a dumb deal in my opinion.

    As an ERM shareholder I dont want it as it just ties up more capital in OIL and GAS. I want ERM as a minority ( Less than 15% shareholder) in EGO. I dont want to sell ERM JV share I want them to invest in that rather use capital to invest as JV partner.

    As an EGO shareholder I dont think anyone wants to buy more of what we already own - we need to drill and that needs cash. I want a CR for a small amount to just get us to at least drill one hole or get the planning done. Or have a big CR and lets get drilling.

    This deal doesnt meet with the logic of anything in my opinion - its moving assets around but creates nothing new.
    EGO Price at posting: 0.6¢ Sentiment: None Disclosure: Held
    EPW Price at posting: $1.60 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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