For those that can remember the previous dizzying ride to $1+ was primarily due to the hype around graphite similar to what happened with the lithium boom. This time the move is based on what is happening with EGR as a company. No supporting hype involved so this move is sustainable and warranted. There is a wall of 60c shares ahead that will be a barrier, hopefully temporary, when we get there. Fifty cents is looking a very realistic target. As to whether we can get to $1 and beyond really depends on the circumstances around funding for the downstream facilities ie. partnerships, loans/grants and possible CR. It’s certainly a lot more exciting these days.
EGR Price at posting:
29.0¢ Sentiment: None Disclosure: Held
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