I sincerely believe that the handbrake on EVG is the stag selling from the recent 45 mill placement.
When you add up the EVG volume from 30th October onwards there wont be too many more weeks (2-3) to go before this is all played through.
It is very obvious by the sell volumes, eg 50,000 100,000 and 150,000 lots on the sell side in the mid 9c range.
Once this is mopped up by genuine investors then SP will move again.
In the meantime:
1) POG continues to improve - now in both USD and AUD 2) Construction work continues at LL 3) Day for the first gold pour draws nearer
In regards to selling heads after the options are allocated I'll only do this at a much higher price than it is at now and only in dribs and drabs - however, appreciate that others may do the same and temporarily stall the SP... not to worry this is a long game IMO.
Cheers John
EVG Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
