I think investors capable of reading an annual report will not be surpised to see a move in the share price. In the annual report Deloitte plainly says that they have seen the binding offers on the table for refinancing/restructuring European Gas debt situation.
Anyway, what is more interesting to me is what Marcmorr mentioned in a previous comment. It seems Gazonor operations have improved significantly year on year, this is good news and hope to see that trend again in next quarter. I am not sure why EGL is not communicating more on these improvements by the way.
It would also be good if the company could communicate on the opex per MW/h or GJ so that we could track the progress and try to forecast the cash to be generated by Gazonor going forward and get a sense of where EGL will be deploying this cash flows.
Bartom
EPG Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held