TechnicalsToday, EDV created a new intraday low of 58 cents from the last few months. This brings 55 cents and 51 cents in play now. Final Target will be to test the 52 week low of 44 cents and maybe 40 - 41 cents.
If it does reach there, I will suggest caution as this might make a new all time low. I am not sure what that # will be but my gut feeling says that 25cents is where this will exhaust.
At 25 cents, the markect cap will be close to a 100 million. Nice round # eh Barclays !!
Just imagine, Gold at 1250/ oz, EDV at 25 cents per share. EDV net cash flow $100 million per year. Trading at 1 times cash flow. Would you do a share buyback then Neil ??
Hahahaha !!