Club Mulgoa

Tuesday, June 30, 2020

EOS

We have to look after our own super and I have to be pragmatic on how we save as no one will be looking after us financially, not even the government.

Today with an announcement of more than $250B on defence, EOS went up like a rocket.  I am not proud of military expenses.  However, many governments do that and it is a rat race there to be powerful militarily.

1 Comments:

Blogger Club Mulgoa said...

Yesterday, in the AM, there was a trading halt because of a special contract to be announced.

And then in the PM, the PM of Australia was standing in front of the EOS logo selling EOS, together with the Minister of Defence and the CEO of the company! Of course, it was for electioneering purpose for upcoming Eden-Monaro seat.

The trading halt has not been lifted, but you can see buyers/speculators piling into the 'buy' column, bidding over $8 per share from a close of around $5.40. This is still below the >$10 peak in January 2020.

3:24 PM  

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