Seamfiend, agree with your analysis on EVG. It was bound for a move upwards in respect to its projects and valuation. My concern was on the repercussions of an immediate rise and subsequent fall. Perhaps this will happen...perhaps it won't. But the fundamentals of EVG do sound good enough for it to move upwards in time.
"No skin is a safe policy"? I will however have to disagree with you on the recommendations made by an advisor/analyst that does not have any "skin in the game". We all must agree that this is an emotional game that we are playing and that this attribute is a big part of it. If one does not feel like they will ever lose money, then how can one safely say that their buy prices have a built in safety margin?
Most other newsletters indicate their buy prices and the reasoning behind their purchases. I guess it just makes me comfortable in knowing that they are putting their hard earned money where their mouth is. I have had accounts with Sprott Asset Management and Global Resource Investments and as such do see their figureheads in conferences advising others on purchasing undervalued junior plays and do not see any problems there.
Its just a matter of preference i guess. Anyways best of luck with EVG...looks like it might make a move up.
EVG Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held
