16th December 2013 – Europa Oil & Gas; Ouch!

 

Another day, another deeply discounted placement on AIM…This morning it was the turn of Europa Oil & Gas (EOG) to act out its own interpretation of building “substantial value for shareholders”.

Now I don’t know about you, but conducting a placement at 6p, when your stock was trading at 10.5p just under a month ago (ahem, after a well timed presentation or two…), doesn’t really strike me as building shareholder value. But what do I know?

 

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