RE:RE:RE:It has managed to gain investors’ confidenceShareholder activism is on the rise. We have recently seen board and management changes at Detour Gold and New Gold. Detour Gold has almost doubled in price since the changes forced by John Paulson. New Gold will take longer but I am certain the new NGD CEO will turn them around.
We can hope that 1) board and CEO changes happen here or 2) a merger or buyout happens.
Regardless, much has improved for us (refinancing of debt, Kisladag mill postponed, Greek elections).
But even with George Burns as CEO, the worst is behind us and EGO remains undervalued.
The shelf registration is a contingency. I expect that were EGO to use it, it would be for a good purpose. I'm not worried about that (but I despise EGO managements' disdain for shareholders and it not being explained during the conference call - that is just a thumb in the eye).