EVG will and is rising on its own fundamentals and the macro environment of the commodities it will produce.
As I see it the current recommendation will accelerate the SP trend by, say, six months.
There will be a spike as new investors place money into EVG and become aware of 'our' story. There will then be a drift back as long termers take profit and the short term traders play with us.
The SP will then move forward again as the boxes continue to be ticked; these will include over the coming weeks:
(1) Further progress updates at LL (2) First drilling results from Azuay (3) Progress of Novus JV from LOI stage (4) Progress in 10k ha copper/ gold tenement application (5) Progress in applications for extending life of LL plant and size of tailings dam area
Importantly, the lift in SP now is good for EVG in that we are about to list on the TSX. This will mean that the shares issued as part of this process (less than 7% of current) will be done so at a higher price, meaning more funds inflow per issued share to advance the projects outside of LL.
For those new to EVG I have to say, read the latest presentation - it is very detailed. Note just how conservative the POG and POS inputs are when calculating the NPV for LL and Azuay.
Have fun today guys. I am not selling a single share.
Cheers John
EVG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
