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28.5¢ egan street resources limited

True Believers Are MIA, page-13

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PaleoBro

3,025 Posts.

86

04/09/18

13:31

Post #: 35402795
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Originally posted by Davisite ↑

Exactly. Rothsay is still a fantastic project and there are a number of options to make it even better. We have the southern drilling results to come in, which looking at the MRE, are almost certain to add significant number of oz to the project. Add in the cash position and the ability to toll treat and it makes EGA a very attractive investment mid to long term.

The only problem I have with the SP being this low is if EGA needs to do a small CR as part of the debt raise. I won't be happy if we end up with shares being issued sub 20c to the sharks.

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Low ball CR might be what is necessary to get the broker support it desperately needs. Escrow shares threaten to do the dirty work for them. Good stock, just lacks the broker support thus far.

EGA Price at posting: 19.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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