Re: Posted by: lost Nov 30 2002 9:19:07:153AM round it further 15.79 -- http://www.voy.com/100711/1/

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Subject: Re: Posted by: lost Nov 30 2002 9:19:07:153AM round it further 15.79

Author:
28/11/2002 of 462.1 equals 15.78c per share
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Date Posted: 20:08:22 01/10/03 Fri
In reply to: Net effect of equity placement and consolidation of ERG 's message, "Posted by: lost Nov 30 2002 9:19:07:153AM" on 19:44:32 01/10/03 Fri

If all options are taken up to raise equity, shares on issue will rise to 2,927,114,061.
divided by net assets as given in the company announcement section on the 28/11/2002 of 462.1 equals 15.78c per share--actually if you want to round it further 15.79

http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=228666&P=C
This restructure will dramatically strengthen our balance sheet.
Based on the balance sheet as at 30 June 2002, the restructure would
improve our net asset position to $462.1 million from the $151.7
million previously reported. This increase is driven by the reduction
in debt levels as well as the new cash raised.

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Replies:

Subject Author Date

Re: But see just like Looksmart NTA 14c ERG is a company restructuringpiss off saxien-- The same as Looksmart when it changed it's bus model 20:16:16 01/10/03 Fri

Re:Just like Looksmart exceeding NTA at 14c (double that at the moment) -- I see ERG---going higher than NTA 15.78 60% return, 20:22:24 01/10/03 Fri

Subject	Author	Date
Re: But see just like Looksmart NTA 14c ERG is a company restructuringpiss off saxien--	The same as Looksmart when it changed it's bus model	20:16:16 01/10/03 Fri
Re:Just like Looksmart exceeding NTA at 14c (double that at the moment) -- I see ERG---going higher than NTA 15.78 60% return, 20:22:24 01/10/03 Fri