EGA is undervalued and lower risk, people know it and willing to snap up anything offered below 29c. The hot money will return to quality projects in the future. The Pilbara players have had an incredible run, a pullback is normal, however, i can see people reducing risk across the market. Could be an interesting few months. NST & SBM were strong performers today. A bit of insurance being taken out. Would not be surprised to see gold do well overnight and AUD is getting hammered. A nice double whammy for AUD gold.
People have forgotten what a correction looks and feels like!
EGA Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
