Selling is mainly 3 larger retail holders reducing their position (worried about gold price? Chasing the next big thing? Need the cash for a car?)
Drilling at Ecuador is underway or about to start. Some delays getting permits which have now come through. Shouldn't be any future problems. Found the right person and the the process took only 2 days from start to finish.
Like many of these countries it is key to find the right people.
Drill teams are trained/ training and the camp ready to go.
So we will be drilling (may have started already) in Feb.
Initial drilling from underground followed by surface drilling.
Split, I too am relieving investors of their shares at these prices. Gold is now boring for those chasing 100% overnight returns who have moved onto coking coal, copper, potash.... they'll be back :)
Cheers John
EVG Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
