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

"Ittook longer than expected, but Empire Energy (EEGC.OB) hasfinallyannounced that it signed on for an immediate AUD$5 million noteand upto AUD$40 million of additional funding to be used towardsdrilling onits large Tasmanian Basin land license. The exact detailsare not yetknown, but the following press release implies that a 50%stake in thecompany is worth about US$44 million, which isn’t bad for acompanycurrently worth about US$33 million based on the most up to datesharedata available.

I like the fact that the note could becanceled, since we're guessingit will be structured as a convertiblenote that would otherwise resultin more dilution."

"Meanwhile,Tara Gold (TRGD.PK) continues to languish, even as TaraMinerals(TARM.OB), of which Tara Gold owns 30 million shares, hassprung tolife. At a price of $0.68, Tara Gold’s stake in Tara Mineralsiscurrently worth about $20.4 million. And if all goes well withDonRamon, which is expected to begin producing soon, I expect TARMtotrade over $1.00 fairly quickly, especially given its very smallfloat.At $1.00, Tara Gold’s position in Tara Minerals would be worth$30million, or about $0.30 per share.

The point of all this isthat Tara Gold itself is currently only worth$19.3 million, and istrading at $0.19, despite the fact that is hasownership interests in anumber of other high potential propertiesbeyond its ownership of TaraMinerals."

*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.