"Quite ironic that EGO sold Gulliver to KEY as they don't have...

"Quite ironic that EGO sold Gulliver to KEY as they don't have the time to focus properly on it yet since then EGO's MD has become our Chairman, we are sharing an office an technical staff with EGO. So the same guys are still focusing on both EGO's remaining assets and the Canning assets which they purportedly didn't have time for?
How does that work?"

Gday Surandy70,

Sorry to bring it up again, but IMO they are positioning themselves for a merger between the two companies.

How will KEY be a significant player in the Canning as KM alluded to in the article, with a current market cap of $12m?. Even with a sp of say 20c, their market cap will only be 60m.

As you said earlier, they are certainly very smart when it comes to timing events and the problem they have with a potential conflict of interest is something they will have to address at some stage imo.

The revolt by some EGO shareholders may even force EGO's hand imo, the carrot for most shareholders will be getting access to 100% interest in the Canning. Some interesting times ahead for sure.

Cheers
R