ERX - A thread for everyone

Espeland2, as the ex house broker, Hoods have a good insight into the prospects of ERX and are no doubt quite aware of the stage that the company is likely to be at Re key developments. Also, there are many Hoods clients holding ERX who are perhaps considering adding to their positions in advance of the anticipated news flow. At the time of the placing last March, I can recall the majority of trades being for 5 or 10m shares or more, so these buyers do not fall into the short term category ie will have bought in on the basis of the medium to log term prospects and may well have deep enough pockets to add further as the story unfolds. FWIW, please do not read too much into the scheduled placing, as I believe you will find that this will be viewed positively by the markets, especially if it is, as it should be preceded by other developmental news.