Heute Grandich Alert in USA:
Client Update – Evolving Gold Breakout? For months I’ve written about Evolving Gold (EVG-TSX-V $1.04- EVOGF.PK) and how it had possibly not one, but two world-class deposits but perceptions of management were IMHO depressing the share price. I’ve said it for years that management is the #1 key factor to a junior resource company’s success, or lack of.
With one big move last week (And I suspect more to follow), I believe in my biased but honest opinion, EVG has vaulted back to the top of most junior resource buyers shopping list. Speculators are grasping just how significant it is to have “Tookie” Angus on board. Literally overnight, people are awakening to the realization that EVG has two awesome projects and the merits of those projects are back front and center and no longer the abilities (or lack there of) to move them forward by management.
Knowing I work for the company and presently own over 1 million shares personally, I believe the share price should be closer to $2 then $1. Providing the gold price remains at least stable in the near term, I think EVG share price can break out to more reasonable levels. The first challenge is the 200-Day Moving Average around $1.11. It also was a former key support area.
With a 43-101 report due out, drilling set to start next month at the Rattlesnake, drilling underway in Nevada and Tookie at the helm, I’m very optimistic EVG’s share price can become more fairly priced in the days and weeks ahead. |
