EPG 0.00% 41.0¢ european gas limited

Hi Fluffy,If we believe there is gonna be some positive news on...

  1. 91 Posts.
    Hi Fluffy,

    If we believe there is gonna be some positive news on the debt restructuring, I would also expect EGL to raise money (I would actually expect EGL to raise more than EUR10m if EGL is serious about developing its CBM assets).

    But I would not understand the management if they were to raise money at a price much below pre Gazonor acquisition levels (i.e 60cents +) especially now that the cost structure has been significantly reduced, new permits have been granted and a new reputable team is in place.

    That's a pretty significant upside from current prices.

    Bartom
 
watchlist Created with Sketch. Add EPG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.