Ditto re "nice post but disagree".... well I disagree in part, that is. Of course the Chinese are more concerned about SPG production (at this stage).
I believe EGR has been singled out as a target for shorting for two reasons and it has nothing to do with the Chinese (directly, that is).
The first reason is that EGR is the far better prospect out of the two companies - has $50 cash in the bank, is way more advanced, done pilot plant testing and a BFS.
The second reason is that our stage of development lends itself to shorting. RNU is far more speculative and attracts the less discerning investor. And, with regards to that, is marketed and ramped accordingly. EGR raised $54 and so the necessity to pump the stock is no longer there. Our stage of development involves a lot of slow and tedious govt applications, submissions and approval processes that LTH / traders know is advantageous to a shorter.
Its all about SP suppression and accumulation, Frrosty
Ann: Epanko Showcased at Tanzanian Government Mining Conference, page-35
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $65.83M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $13.99K | 99.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26609 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 83317 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
14.5¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 14.0¢ | 14.5¢ | 14.0¢ | 27095 | ||
| Last updated 15.40pm 14/06/2024 ? | |||||
| EGR (ASX) Chart |