re: Ann: EVG commences construction on Las La...
Nice work Dejavoo,
Ubid, in my limited wisedom, I think that most of the selling is by one party with a SP target of 8.5c.
Other orders that drop below this point are different sellers forced to sell at a lower price to get their shares away.
Maybe this single seller (if that is the case) is from the recent 5c capital raising and locking in their 70% profit. Fair enough.
Looking at the on screen depth I would think that once they have sold their parcel then the SP will move upwards fairly rapidly.
The free float on this stock must be getting less with insiders increasing their stakes, institutions such as the Mac Bank as significant holders and smaller retail holders such as me (and Dejavoo!) adding to our positions, in my case with an intended minimum 3 year investment horizon.
Here's hoping anyway. From all the announcements, and the increasing frequency of them I am very confident to hold and increase my stake in this little speccie.
Cheers John
EVG Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
