Were PFAS tech licensing come to pass and the push into waste management get traction and momentum They would have major positive impact on revenue and the bottom line.
a long term trend decline in the SP likely drove it into oversold territory from which it emerged in 2021.
the sort of gains in the SP in 2021 to a tad under 30c from around 4c at the start of the year - 6 or 7 bags depending on how you count - aren’t ever likely to be repeated.
but the gains show market sentiment towards EGL and its prospects could hardly get more upbeat.
such are EGL’s prospects, it’s not unreasonable to say the SP is at the start of a long term trend increase.
it’s quite possible that at some time in the future and we’re not there yet, solid momentum growth will have established a platform for explosive growth.
this will be genuinely exciting. As a long term shareholder i want to be around for this, but i’m thinking it’s 3+ years away.
EGL Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
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