EVG limbo continues How low can it go?
Price already has dipped into the teenager ranks, which I'm sure most of the bulls here would have branded impossible not that long ago. In fact, many of you did.
Let's see, double from here gets it just short of .40. I'm thinking that would leave many -- me for sure -- still way under water.
Here's the really bad news. Evolving Gold management has wasted so much time that we're now in a dire macro situation for juniors in general, which means even great drill results likely will not be able to revive the share price. Look around, some companies are reporting big drill results and getting little if any reward for it. And if the share price does rise a bit, it tanks as trapped shareholders rush to exit. We're in a panic situation, where good news and any rise are viewed as last chances to jump ship.
Until that mentality changes, even impressive drill results won't help. And when's the last time EVG produced impressive drill results?
I'm not happy about the EVG situation. But you have to be adult enough to acknowledge that the situation is bleak.