"First sign will be a pump in the price.Then they will give a...

"First sign will be a pump in the price.Then they will give a discount to the "Sophisticated Investors",then before long you will have a billion shares on issue."

This will most likely happen in the coming couple of months in the lead up to Cyrene. They will release a report on the prospectivity of their Goldwyer acreage and on the back of either one or both of these things there will most likely be another raising. My hope here is that we have some early success or significant promise through other's success.

EGO really only got to a billion shares on an almost improbable string of dusters, some early success would have prevented a lot of that dilution eg, look at BRU raising $50m for 7%.

It's really about it being the right time in the Canning and potentially having acreage that even they might not be able to muck up.

Worst case scenario? Play the pump and dumps. They're regular (or were on EGO), easy to spot a mile away and easy money.