Date: Thursday, February 27, 2003 at 7:46:11 PM -- ERG trade data forum

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Date Posted: 00:51:18 02/27/03 Thu
Author: Name: Wonder Woman
Subject: Date: Thursday, February 27, 2003 at 7:46:11 PM

Thank you for using the forum, Wonder Woman
Your entry has now been added to the forum as follows...

Name: Wonder Woman
Location: Sydney, NSW Australia
Date: Thursday, February 27, 2003 at 7:46:11 PM
Subject: HI, ERG--the 10 to 11c range--drop to 3c---14,5 last trade 27/2/03
Comments:

Hi Smart Fabulon, the reason ERG was trading between 10 and 11c (at least 1) was that Motorola sold their holding at that level. This was later stated in the company announcement section. At the time it was self evident through following the entity that a large institution was realising their holding.
During this period "un-named analysts" in the paper said ERG would drop to 3c.
Since then nearly 500 million dollars worth of contracts have been announced including Sydney and the share price rose from 10c, never going 1c under the figure of 10 to a high of 18c recently till today's effort with the last trade at 14.5.
If one had sold or bought ERG at 10c based on anything "un-named analysts" had written in papers at the 10c level it would not have been the truth.
Regards,--WW.

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