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Ann: Outstanding Results from Ore Sorting Testwork at Rothsay, page-31

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Davisite

19,093 Posts.

5893

12/01/18

18:32

Post #: 30268136
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Originally posted by davidosan ↑

Seems to me that EGA is following GDX and has done so from ~June 2017.
View attachment 915290

Would like to see EGA hold 27. As it would form basis for a consolidation around $0.28. I think we should see more of a direction soon in the coming few weeks as the chart is carved out further. This should support the hypothesis that there is a lack of interest from the market and the share price is currently on autopilot until volume picks up. Given the lack of liquidity I don't think it would take much interest from the market to send the share price higher.

Cheers all. GLTAH and DYOR.

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It seems crazy the EGA would follow GDX rather than the fundementals on the ground. I can understand this sort of behaviour with producers, but for an explorer like EGA it does not make much sense.

EGA Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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