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17:37
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Originally posted by Gold Bug
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I spoke to management in mid May when EGA had a market cap of under$20m and asked them this question, "Why doesn't the market love you?" Poor liquidity; not enough shares on issue for large parcels to be bought; not enough brokers know about this stock stock etc. etc. So what has changed since then? Still only 1 research report from Patersons dated 17/05/17. Additional 16 million shares issued so liquidity had improved by 30% allowing for large parcels to be bought on market. More gold announced recently in updated MRE. Company presentations keep repeating what the market already knows and the market cap is still only just above $20m. If you keep doing what you have been doing for the past 7 months and you have not created any excitnt in this wonderful story via share price movement it is likely that you will keep getting the same result until the options expire on 13/03/18. I suggest that the company engages the services of a marketing company to tell the market of this magnificent story currently still a secret. Furthermore, I have not seen any Change Of Directors Interests notices notifying the ASX that the directors have been actively buying shares on market because they truly believe that the current price of EGA is ridiculously cheap. You are correct in saying that the share price ought to be 60-70 cents conservatively but it is isn't so whose fault is that and what has been done to rectify this? Multiple brokers should be told of his story immediately! When you advise the market that assay results are imminent then those assay results should not be announced in 6-8 weeks later. Who are new large shareholders who came into the stock via the recent 16 million of new shares issued? Who are the current largest 20 shareholders?
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As for directors buying, they hold a lot of options as well. I'd say they are keeping the powder dry to convert the options come March. Directors not converting options would be seen as a serious lack of faith in the project IMO.
