Saber"That said, abit disheartening given average in price is...

Saber

"That said, abit disheartening given average in price is above $2 where this was at much higher gold price, but less actual production/figures being seen."

EVR is not the only mid sized goldie that has received a kick in its but over the last 6 months. Have a look at PRU, RSG, SLR, SBM, EVN, RMS, SAR, KCN, OGC and even TRY and MML. It is the same story everywhere. One needed to exit earlier (even at a loss) to conserve cash and buy back in cheaper.

I bought back in at 80 cents and sold half around 90 cents recently because I feel the POG could head lower for a while.

Longer term EVR should get back above $2 so long as they can contain costs and the POG recovers to at least USD1600.

I am no longer willing to just buy and hold goldies. Conditions are very different from 2009-2012 and too many goldies stuff up along the way. The buy and hold approach makes us sitting ducks when the poop hits the fan.

GL

loki