elkedra clowns, page-6

The hope is that VAA management are better than EDN's
EDN had been producing good grades & volumes before the merger particularly when seen in the light of production startup teething bumps and that they weren't actually digging in the expected high grade areas (while sorting out the production plant) They also didn't even think about scavenging the free gold that is more than likely present in the gravel --- unlike VAA who do extract it within their process.
EDN has also been consistently producing large (>20cts) high value stones, again even though the digging to date has not been in their identified high grade zones.

The $1.75 valuation on VAA was before the EDN merger was announced & given that EDN is already a producer, it would be reasonable to assume that this valuation would be upgraded at some point?
This sp movement is simply the rape of EDN small holders.