Sharing David's thoughts on EEGC.OB and Tara Gold with you guys! Pls let me know your thoughts!

"It took longer than expected, but Empire Energy (EEGC.OB) has finally announced that it signed on for an immediate AUD$5 million note and up to AUD$40 million of additional funding to be used towards drilling on its large Tasmanian Basin land license. The exact details are not yet known, but the following press release implies that a 50% stake in the company is worth about US$44 million, which isn’t bad for a company currently worth about US$33 million based on the most up to date share data available.

I like the fact that the note could be canceled, since we're guessing it will be structured as a convertible note that would otherwise result in more dilution."

"Meanwhile, Tara Gold (TRGD.PK) continues to languish, even as Tara Minerals (TARM.OB), of which Tara Gold owns 30 million shares, has sprung to life. At a price of $0.68, Tara Gold’s stake in Tara Minerals is currently worth about $20.4 million. And if all goes well with Don Ramon, which is expected to begin producing soon, I expect TARM to trade over $1.00 fairly quickly, especially given its very small float. At $1.00, Tara Gold’s position in Tara Minerals would be worth $30 million, or about $0.30 per share.

The point of all this is that Tara Gold itself is currently only worth $19.3 million, and is trading at $0.19, despite the fact that is has ownership interests in a number of other high potential properties beyond its ownership of Tara Minerals."

*David Zurbuchen owns 55,000 shares of EEGC.OB, 30,000 shares of TRGD.PK, and 9,000 shares of TARM.OB

David Zurbuchen is the Chief Researcher of Resource Fortunes LLC. The above information is taken from RF free newsletter, published on July 18th.