If EGO does have a cash flow shortage of $1M per qtr ($4M pa)...

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  1. 3,267 Posts.
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    If EGO does have a cash flow shortage of $1M per qtr ($4M pa) for the next 4 quarters, surely there can be some temporary serious cost cutting in non-production areas (like management/board remuneration, Admin, Registery costs, etc) to provide basically a holding operation for 12 months & give us the required time until cash flow is positive?
    Not happy about yet another CR. ERM can have my shares for 2c right now. Or - dare I mention it - maybe even 15-20c if we did a 10:1 consolidation to get some sense into the Register and to shake out thousands of small holders currently stranded by the sp & lack of progress? This could perhaps by in conjunction with a CR offer at 15C to provide drilling funds without waiting 12 months twiddling our thumbs & just paying admin & Alcoa? I'd like to see EGO taking action outside the square, even if it involves some risk, but not if it means selling the shop too cheap.
 
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