@MagNinety It all comes down to evaluating if current SP is overvalued or still undervalued, just looking at the strong SP rise alone, without knowing a bit more about the stock will turn out to be very costly for some, luckily for anyone interested to do their DD, EGR is one of the very few spec stocks in this sector who has provided enough "Independently Verified Data' that enables potential investors to make an informed investment decision, peer comparison is also a very simple additional method of establishing if current SP is overvalued...I have provided some figures and reasoning as to why I believe $2 is imminent, happy to see any data on what you base your assumption's on, if I don't hear back from you let's see what happens once:
- Finance for EcoGraf #1 (1st project in this sector in history to gain Gov funding) is announced. - Trading on the OTCQX in the US commences - Once the NAME of the 'Major Electric Vehicle Manufacturer' mentioned in one of our recent announcements drops, guess should not be too hard, considering there are only 2 in EU at this moment...what do you think will happen to our SP once either one of those two names is announced?
I am being very conservative with $2 as I know there are a lot of PPL such as yourself who don't look at the whole picture, and my post was originally directed towards LT holders, if I can help even just on of the old soldiers by sharing my rationale, it was worth my 10min.
But going forward, this will now continue to follow the 'Transfer of Wealth Principle' which can be seen by multiple examples in other Co's when they were at the same stage of development, different kind of investors start taking very large positions with longer term investment views, sadly most who came in early will not reap the big$$, simply due to entering too early and getting burned out by the long time it takes for everything to fall into place and will sell out simply by being too exhausted.
All IMO
A matter of months now, not years...the very strong accumulation in past weeks seems to agree.
EGR Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
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