Guess Who Showed up on the sell side as MOC
Hint, Hint: The banksta who extended the lending facility to EDV !!.
Question is why is the lender holding the shareprice down here. Ahhhh, EDV has real "physical" gold, not the "paper" kind that the lender has been selling in the market. But....but... now the lender needs to supply the "real stuff" to fulfil those paper promises.
Not much of a choice left for the miner, innit ??. So, either the "miner" supplies the gold to the lender at these ridiculous paper prices that have been orchestrated by the very same lender and his buddies or face the wrath of the lender in the shape of evaporating market cap. The plan is to make it "extra" hard for the miner to raise capital. So either it is severe dilution again for the existing shareholder or the lender can exercise the debt covenants, scr#w the shareholders and sell the company to recover the debt.
Either way, the shareholders get shafted in the a## without the "lube" and the miner and the banksta buddy raise a toast and wish all of you suckers, a "Merry Christmas".
Now, who bought shares today !!.... Hahahahaha..