RE: RE: RE: RE: RE: RE: SUPIMS UPWhile I agree that EVG has been a disappointment as of late, I think it is important to put it in perspective. If you look at the TSX Venture exchange (closest proxy for junior resources/golds), it has come off over 15% since early April. This despite a $100 increase in gold during the same period. With the European PIGS problem the markets generally have had it rough.
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Yes, with the results EVG has released, it should be doing better. However, that is the nature of the junior resource market. When it runs, it runs fast. When momentum is lost, the stock can retrace much of its gains. If you are in a good company, then ideally the retracement level is higher than the previous consolidation level. At least this is the case with EVG, where it is still double where it was a year ago. Once this next cycle of news begins (any day), the stock could easily double or triple or more from now until the next peak.
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If your timing is good, you can do quite well. Only in the rare cases do you get lucky when a resource stock runs long and hard without a major correction. Anyway, let's hope the good news cycle begins soon so we do not have to commiserate much longer. As always, JMO.