EGA 0.00% 28.5¢ egan street resources limited

Well EXU took a beating today after releasing their DFS....

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    Well EXU took a beating today after releasing their DFS. $130mill Capex may have put some investors off, just like at CMM. KIN raising at 11c. Developing a gold mine isn't easy, even with AUD $1700 gold.

    At least EGA has low capex, around $40mill mark and +$10mill in the bank. Investor interest in goldies is patchy at best. That's not a bad thing in my book as bargains are presenting and things are always quiet before the storm.

    EGA might not have momentum or x-factor at the moment, but the downside is limited as well. It's been flat as a tac, and hard to know when that will change. Not a trading stock.
 
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