Short Term Trading - Week Starting: 14th June, page-113

  1. 339 Posts.
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    STTCOMP EGO, FA Long

    Domestic Gas Producer WA
    Market cap 32.7m @ 32c, Cash 3.1m at last quarter, Debt ~15m

    MIN just purchased 19.36% of EGO in a blocktrade from ERM at 45c a share. MIN has plenty of cash and are clear about wanting to extend their LNG operations. Tipping the market will speculate about an upcoming takeover bid or failing that about the support an industry heavy weight can provide to EGO.
 
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