Current situationI have been invested in this stock for a long time. Since before it did a 10 to 1 reverse split. Back then, the stock was around 40 cents. With the split, it became 4 dollars. Back then, I thought it could reach 10 dollars which is a 100 dollar target today. OK, I was being a bit optimistic. But it went from 4 dollars to 20 dollars in a fairly short space of time and for a long time now, it has bounced around in the twenties. Gold has done something in the meantime, but it has not exploded. EDV has also done something in the meantime. It sold off all its crappy expensive to run mines and reinvested in good mines with great drill results as well as many other properties that could be productive one day. They completely transformed the company. There has been a lot of instability recently which has provided great opportunities to invest in this company at a decent price. . The latest round of investment and borrowing is now over and the company is going to reap the rewards. Ignoring general market risks, which are always present, I believe this is one of the best times in the last 5 years to invest in EDV and I have tripled my position. It may go down 10 or 15 % from here in the short term but in the next couple of years its going to be a brilliant company to own.
GLTA
Oilsyd