One theory for the supressed price could also be that it is due to a Canadian broker. As it has been previously confirmed here that EVG will not issue new shares to a broker, it could be safe to assume that the broker may have been accumulating on market. If they were doing this between 15-16.5 cents, it could account for the fairly tight range that the stock has been trading in.
Once they have their fill, they can let the price appreciate naturally (or 'stimulate' an increase) in order to offload to their clients for a tidy profit in September for the proposed TSX listing.
If indeed things have played out this way, and if the broker has taken the shackles off, we could be in for a health rise over the coming few months. Certainly the POG and the economics of LL are working in our favour. I added to my holding last week on this basis.
To this end though we will wait and see what actually transpires.
EVG Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
