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

EGO EPW

Ann: Revised Terms on Corporate Transaction with ERM Power, page-55

First 55 Last

Share
Profile

Follow
shanghaiguy

703 Posts.

3

31/10/14

16:17

Post #: 14217888
Share

Originally posted by joewolf ↑

Firstly you should actually read the AFS:

No outside financing other than ERM which is not a letter of comfort it is an actual loan. No banker worth anything would accept anything in a letter of comfort that did not say that the party hereby undertakes to repay any loan in the event of default. However this is a direct loan. So yes I am unhappy about it - you want to bag ERM but EGO cannot survive without them putting cash in the bank.

79 or 97 transposition error - does it really matter its a disgrace that went on - The directors kept finding another reason to raise funds and really the punters kept believing.

Really why use name calling - If you cannot win an argument with words then its not worth the fight.

If you want a CR phone the company I think its a great idea and would purchase my rights and top up if it was around 0.4c. So on that we agree and yes I will also vote no but coming from the exact opposite viewpoint to yours.

Factually without ERM last year this company would have had to have a CR already.

Expand

Correct. CR would have been at around 1.2-1.5 cents. We are at half that now, so that is why the punters are not happy about the potential dilution for the any coming CR.

EPW Price at posting: $1.82 Sentiment: None Disclosure: Not Held

EGO Price at posting: 0.6¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

WC8

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

OJC

Ricciardo speeds to 83% antimony recovery for Warriedar

MIN

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

ACW

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

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

There are more pages in this discussion • 35 more messages in this thread...

First 55 Last

Add EGO (ASX) to my watchlist