Empyrean Energy

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corrientes - Sun, 01 Jan 06 :

Bought in a couple of weeks ago on the strength of the Eagle Project which is seemingly the nearest thing you're going to get to a winner, reading old SUR and VPE announcements.

I had though it odd for such a project, as to why VPE were happy to relinquish such a high percentage of their interest, but then realised that their share value had been diluted to hell and what they need is an elephant, plus continuing cash flow which they'll probably get from Eagle. For EME it's very different with such a small free float and as mentioned the share price effect here could be quite dramatic. A bit of a rare event it seems to me.


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