I don't think its the fact that it's "too cheap".
The issues I see with EGA are as follows:
- Low reserves
- Short Life of Mine
- Low Liquidity
- Lack of long-term growth (given they only have one mine in the pipeline)
I think investors are willing to wait and sit out to see what happens with EGA in the next 2-3 years.
As we start to build cash and expand our reserves we should see more interest. Every company has to start from somewhere (if you look at SBM/SAR/RSG/DRM - they all floated around the bottom).
Cheers. GLTAH and DYOR.
