EGA 0.00% 28.5¢ egan street resources limited

Ann: Hits up to 110g/t to Underpin a Resource Update at Rothsay, page-13

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  1. 10,813 Posts.
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    I think a lot of the problem with EGA's SP are linked to the delay of the DFS. The market has just looked at the delay and not focused at all on the reason for the delay (that EGA found way more gold than it originally planned). In an ideal world the market would have seen this as the good thing it is, but the market hates delays for any reason and always assumes the worst.

    I also think the lack of hype coming out of EGA doesn't help. EGA is not behaving like your typical small cap miner hyping the ordinary to the moon. The market automatically discounts whatever small companies like EGA say. Unless you look at the announcements carefully then you are going to miss the real EGA.

    EGA needs to up their game in the PR department. Pay a couple of brokers to start covering EGA and pump out the announcements. With gold on the rise and the Pilbara coming back to reality now is the time to grab some attention. EGA is so tightly held that it won't take much to get things moving.
 
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