RE:RE:RE:A challenge to the EAG doomsayers!!!Exactly. A float of 100 – 150 mil. shares outstanding could make EAG more attractive to some investors. For some, their investment policy doesn’t allow them to invest in stock below a certain price or market cap. for reporting reason. Now, EAG is perceived (I think) by the market of just another flow-through. This attracts short term investors because of the tax issue and the short delay associated for holding a flow-through. I think it may take up to 2 years to get more indicated resource and changing the share structure. Also, the sector is in the dump. So, gotta be really patient.
I look for an exposure in sector more than for a particular stock for risk adjusted reason. XME which is a material sector ETF is interesting. If you’re really patient, GDX which cover the gold stock universe might be of interest.