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17/04/18
11:13
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Originally posted by Exised
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0.80 Ouch! I say you might want to work on your charts/technical analysis there my friend. My holding is currently 50,000+ shares with an average of buy in of 0.71 including brokerage etc. Not the best entry point but definitely not bad and I'm happy with it too.
I live in the area and I commute past this mine everyday. They've done well construction wise so I'm not worried about their progress. Plenty of activity and a possibility of earning surprise if in early production by late 2018; is definitely not out of the question. I know the area well and the main factor is that the ore is definitely there. I see it on my farm. I also do some varmint hunting at night time and I hear plenty of drilling currently...
Wayne Taylor is not the best at selling this company (EVN - Jake Kline he is not) but that is a blessing. The main risk in my eyes was always going to be how supportive the community in the area would be to the company. That is why I held off buying the company for a long time which has proven to be unfounded, plus the technical were never there. Now that the 50 and the 200 moving average is about to converge on the upside + a triple bottom formation... this is the time to buy...
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I don't really use technicals for my investments. I'm interested in classic value/fundamental investing and tend to look more at the big picture rather than the technicals.