RE: PLEASE SHUT UP!!!!A few comments for taxdemicco (et.al.):
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1. Long term vs Short term investing
As others have said, investors all have different investment strategies; LT vs ST is just one comparison you can make. A LT investor is not "morally better" than a ST trader, they simply have different time horizons. To criticize a ST trader because their strategy differs from your own is to misunderstand the markets. In fact, LT investors need ST traders for market liquidity. Without ST traders the bid/ask spreads would be very wide, and anyone wishing to buy or sell will suffer large spread penalties to exit/enter a position.
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Personally, I take LT positions in stocks that my analysis indicates is fundamentally undervalued and often hold for years. The ST sell-offs are what allow me to find good "value." In addition, I also take ST trading positions, when I see price movements that I expect to allow for good percentage gains within days or weeks. At these levels, my analysis indicates EVG is a great purchase for LT gains. In the ST however, it may suffer if any institutions wish to sell their "dogs" before month end and get them off their books. In this way, they do not need to justify why they hold such a poor performer for the quarterly report.
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2. Current prices do matter
It is important even for LT holders that the company shares do not remain undervalued for long periods. If a company needs to raise additional funds, excessive shareholder dilution will take place if the share price is undervalued.
You suggest that EVG's oustanding shares will remain relatively the same, but this is incorrect. For example, the agreement with Agnico stipulates that they will purchase $23 million worth of EVG. If this were to priced at current levels around 0.66, then about 35 million new shares would be issued. If instead, they were issued at $1.00, it would mean 12 million fewer shares outstanding. This is a very material difference to current shareholders.
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3. Four Mines in 5-7 years
I believe you are extremely over-optimistic to expect or even hope for 4 new mines in 5-7 years. Please show me one junior who has been able to achieve this. I would be extremely grateful and buy anything associated with such a management team. Deep drilling in Carlin is not a quick nor inexpensive process. It takes a long time to drill blind deep holes, and then each round must be fully analyzed before the next round can begin. It also takes big dollars to drill deep. That is why so few juniors are able to achieve success in areas like Carlin.
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4. Summary
Taxdemicco, please take it easy on investors with alternative investment strategies than your own. This board is big enough for all. If you think someone is full of hogwash, just skip the post and read the next in hopes of learning something of value. Or if you believe what they post is erroneous, respond with a factual rebuttal. In this reply to your post, my analysis and experience leads me to believe your claims are too optimistic. I believe EVG has great prospects, however to expect 4 new mines in several years is something I do not think has been achieved in recent years. Finally, current prices do matter. If a takeover bid was made at these levels, I would be very unhappy, as even with a significant premium, the acquirer would get a very cheap set of assets. The LT holder would suffer the most in such a scenario.
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Anyway, that's my 4 cents worth. GLTA