A NZ broker has just recommended EVG to its clients which may explain the sudden jump on larger than normal volume (+3.5m) on Monday and the 1.5c SP jump.
The fall back yesterday was on much lower volume (600k) and IMO is natural given that people are sitting on such nice profits from 2010.
There is/was the 65m odd shares to flush through too from the recent capital raising at 11c. IMO this is (or is nearly) done and we can steadily move up.
Fundamentally, don't underestimate the potential value in San Gerado for EVG. The announcement released a few days ago will, IMO, prove very conservative.
Also, as an aside, the Dec-11 options are very important for EVG's growth plans for Azuay (ie $30m to fund the gold plant construction) and BJ is entirely focused on ensuring that these end 2011 well in the money so that they are all exercised.
To this end he will be doing everything possible to show the market what EVG is worth. This will include the actual delivering of key milestones but also, as Ubid previously stated, getting the message out.
2011 will be the year that people start to hear about EVG and all those holding from now will be well rewarded by this time next year.
Cheers John
EVG Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
