Well EXU took a beating today after releasing their DFS. $130mill Capex may have put some investors off, just like at CMM. KIN raising at 11c. Developing a gold mine isn't easy, even with AUD $1700 gold.
At least EGA has low capex, around $40mill mark and +$10mill in the bank. Investor interest in goldies is patchy at best. That's not a bad thing in my book as bargains are presenting and things are always quiet before the storm.
EGA might not have momentum or x-factor at the moment, but the downside is limited as well. It's been flat as a tac, and hard to know when that will change. Not a trading stock.
EGA Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held