Shareholders have held the fort well today despite the sharp drop in gold prices . No selling , not many transactions , buyers approached and few sellers have dropped on the BID side , everybody expected that buyers ahead of the position of sellers. Super!
I think shareholders are currently in the process of creating rarety of EGX titles . We had a support at $ 0.07 to .075 and we rised it to $ 0.11 to 0.115 by creating rarety. Without news we could climb to $ 0.15 quite easily if we continues like this . This is a beautiful dynamic of shareholders who jealously guard their shares , so this titles is safer than other pennies title .
And if people want to keep their shares during a news that will cause a Run, you will see the price skyrocket . Do you remember EKO last June ? He made 400% if I remember correctly . If shareholders have the same behavior if the shares still remain rare , it has such an effect we could do this quite easily 400%. That would bring the title to approximately $ 0.50 on the next news . Imagine a Q1 2014 News of a future TO by Chinese. Where do you go with that title as a shareholder behavior ? $ 1.30 to 1.50 on the peak. It is very inspiring title like that .
This is the effect I see with this kind of behavior that we have now.