I expect a retrace of goldies in the May/June/July period when most will be cheaper than now. However, if EVG has some good drill results in Ecuador then perhaps its share price may hold up. The placement to Canadians and listing on TSX will also impact the price somewhat.
I admit that I had no idea that DnD was looking into EVG and thought they were going to promote another one of my goldies (PIR), which perhaps has run a little hard todate.
EVG is still cheap if you believe all the projects in the latest presentation get up in accordance with the projections. However, I have seen so many presentations turning out to be pie in the sky that I am wary of them and can only try to value EVG on its LL project, which is not without risks.
loki
EVG Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held
