RE: Please Advise... Two things pretty much drive this stock -- the gold price (which seems to be heading back towards $1700), and now with Dando -- the price of oil (which has recovered nicely from lows near 80 bucks to 96 today). As long as those 2 commodities hold their current levels, EGD can keep its fleet busy.
The other factor holding the share price down at the moment is the $10,5 million/yr in performance bonuses being paid to the former owners of Dando. When these payments are complete (in about 15 months), that will translate into a bump to earnings of about 25 cents/share, which should add at least $2.50 to the share price.
Not sure what your average price is, or how much patience you have, but I suspect that by this time next year the share price should be moving smartly higher. On the other hand, I'm not expecting any near-term improvement, we are likely to be stuck in the $3 range for most of 2013.
Each investor to his own, but I haven't sold a single share, & I intend to stick around for the long term.
GL