Share price.Last year I posted that EDV was due for a shareprice increase and I thought that Hounde would be the game changer. I got that wrong. I sold EDV off. Then I posted in December that 16 bucks was ridiculously low and I bought in. I got that right. I am keeping my money in EDV for the time being because I feel that CIL should be a game changer. The shareprice has been rangebound for nearly 3 years. Clearly the emphasis of the company is changing from investing in infrastructure and new mines to generating cashflow which should bring more awareness to the market of the relatively cheap valuation. The presentation suggests that they will initiate dividends for stockholders as well as a share buyback. I think this stock will trading in the 30 dollar range by the end of year.
Cheers
Oilsyd.