I reckon ppl are buying back in now that there will be a few key decisions for early fracking being made over next few weeks. Continuity is key and everyone knew after Cuadrilla decision this industry had no news due for a month. First step is good news on Wed for igas in which edr has vested interest. Fingers crossed.
Nice rise this morning, I presume invstors are realising that Egdon represents a great chance to get in on the shale gas revolution without becoming involved in Igas and it's (hopefully temporary) financial difficulties. A good hedge.
Egdon Resources plc (AIM:EDR) announces that its Preliminary Results for the year ended 31 July 2016 will be announced on Tuesday, 1 November 2016. An analyst meeting will be held at 9.30am on 1 November 2016 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.
Oh sure I totally agree this stock will continue its overall rise. I'm holding at the moment as I really do expect an announcement by Javid on 2nd Cuadrilla site within next few weeks and that'll give more confidence.
It will touch 20pps again, remember it touched that last time when we all thought that PP was to be given, but it has only been shelved one month. There is money to be made just before and perhaps after the next announcement, but it has got to tail off again, because they are not in production. Just a question of hold, or sell next month !
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