I'm not familiar (yet) with the circumstances under which Latin Americans subscribed for 100M EVG shares at 14.6c in early 2010 when the share price was somewhere around 8c-8.5c. They must have been keen.
The relevance of that to now may be moot given that the planned placement will apparently be made primarily with Canadian and European investors, is at least 25% less than 100M shares, plus EVG's market cap has increased since Feb 2010.
Anyway, I see this as a red herring, as we basically seem to be agreeing that it seems quite unlikely that the share price will be suppressed to less than the current 12c by any upcoming placements.
I was initially fishing for any indications that the selling today reflected negative inside information (eg dusters), but no-one has voiced any suspicions, so I'm left to assume that the selling reflects the systemic headwinds today and/or the madness of crowds and/or instos shifting their weights around.
Thanks all.
Grav
BTW, I wasn't poised to sell. On the contrary, I had a buy order in, given that the La Yagua property showed values ranging as high as 13 g/t gold, 173 g/t silver, and 21.33% copper. How that news could have depressed the share price I don't know.
EVG Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held