@Bella66 Some of the main reasons are already listed in my...

@Bella66

Some of the main reasons are already listed in my previous post...and those apply to Co's in our space, easily confirmed just by looking up some of our peers...sector wide movements are the norm and this downtrend had assistance from:

* Covid

* Russia invading Ukrine

* The ensuing inflation/ unprecedented interest rate hikes as an outcome from the above 2 events

...EGR specific, we had the added pleasure of being in a tight grip by shorters and due to being a low SOI / low daily volume stock, combined with the above it has been easy for the shorters to control our SP, obviously the last-minute change to not commence Kwinana construction was a big bonus for them...however, if anyone can't see that following the US IRA incentives and then also the EU incentives and the significant benefits of having the mechanical shaping done in Tanz as the logical thing to do then there is not much that I can say...and yes, I get it some are very salty as the loaded up just b4 approval for Kwinana was due and got burned and vented their anger posting very negatively...

we are due for the next sector wide upswing...EGR has the added upside potential when compared with others:

* Shorters will have to cover eventually and as everyone should know by now, it does not take a lot of volume for EGR SP to jump +/- 20%
on only ~$100k

* Besides the imminent GoT sign off which other Co's are also waiting and will benefit rom, EGR has additional announcements pending with potential significant SP gains attached:

* Announcement of location of Pilot Purification Plant

* Announcement on Patent

* Announcement of Recycling Progress

* Announcement of Mechanical Shaping location in Tanz

* Announcement of Bank Finance for Epanko