ILLIQUID? CONCERNS? WEAKNESS? Large Share Holder??EPL shares along with many other Junior Resource and other Juniors are what I call, my opinion, based on trading and low volume, ILLIQUID.
Yes, there is a show buying, right now at 5 cents, the Defense that has been in place by some share holders who tried defending 6 cents and now its the 5 cents defense, soon it will be 4 cents, then 3 cents????then no bid?? along with many other Juniors my opinion.
Then we have the large share holder, FNR ( 49 North Resources), showing weakness in their own shares dropping to the 4.5 to 5 cent range. Also, one should read FNR's 2014 Filed Audit, on Sedar, Auditors Letter and Emphasis on Matter comments about the need to raise funds and going concerns. A number of FNR's holdings are dropping in price, such as GCR, WTR, WGF, SGF, OMM and etc. Refer to FNR's Public portfolio holdings prices.
EPL shall fall to lower levels project under 3 cents, my opinion, based on MKTS, Resource MKTS, Financial MKTS, Commodity prices, weakness in their large share holder and etc. Many Juniors will go NO BID. Some will go under. Refer to the financial press and state of the resource MKTS