Look at it this way- there is a lead broker who is selling EVG to their clients in order to list next month on the TSX. A prime part of their sales pitch to clients will be that EVG is under valued (based on the $AU shareprice).
Do you honestly expect that broker to let the AU shareprice run wild while they are simultaneously trying to sell the shares they are holding to their clients? They need a constant, 'low' price to sell their story.
Once the TSX listing is complete, expect to see that whole situation to change.
In the mean time, you have one month to accumulate a position in anticipation. I am doing just that.
EVG Price at posting:
17.0¢ Sentiment: None Disclosure: Held
