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28.5¢ egan street resources limited

As someone who has been in the stock for 7 years at 40c I would...

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Polar1

40 Posts.

01/10/18

15:14

Post #: 35951099
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Originally posted by Davisite ↑

Actually quite a lot has changed fundamentally for EGA over the year, all of it positive. We have the updated MRE, a DFS, more drilling on going to the south that was blocked because of the old graveyard, hiring of key people, and finally a decision to mine. Everything EGA said they would do over the year they have done and is better than expected.

Despite all of this progress the SP has gone backwards - some of it is a sector issue (gold is not hot), but one area that could be improved is market communication. Unfortunately people get bored if they hear nothing and sell. I know a huge amount of activity is going on at Rothsay, but we only hear about it sporadically. It does not matter to me on a fundamental level as I would rather see management concentrate on real work, but if we have EGA stolen from us by some predator purely because the SP was allowed to slide too far I won't be happy.

I think it is important to get the SP up over 30c not so I will be wealthier on paper, but so EGA is not such a vulnerable target for some company looking to add oz on the cheap. Someone buying Rothsay for 35c a share would be a disaster.

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As someone who has been in the stock for 7 years at 40c I would happily accept 35c. Bring it on!

EGA Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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