merger complete - nice 10.% pop on the tsx, page-12

nasty

I dunno.

I sold a few EVR shares higher up because I added to my ADU/EVR basked lower down and wanted some spare cash in case of GFC2.

I still see this a being very undervalued.

Basically we used to trade in a range between around 60 cents and 80 cents before the merger.

We need some good drill results to spice things up - they are not delivering. I have not spoken with the company for some time to find out what is going on, but they do have a $20m drilling program planned for this year.

The next mine project will not be completed until late 2013, at the earliest so it is a waiting game before that can add to EVR's income.

EVR management is OK but not brilliant. So it will be a slow winding road for shareholders. I prefer PRU's management, but hold no PRU shares.

Also, I have noticed that the large buyer/s has stopped buying. It was that which was holding up the share price or we wold have been back to around $2.10-2.20 in December.

Lots of goldies are doing very little, with a few exceptions such as RSG, RRL and SLR.

I expect the near producers or companies near to completing a major expansion to continue to provide good share price appreciation (BDR, SLR, PGI, NMG etc) in the shorter term.

I am looking forward to the quarter report for the new company - this should be the last quarter when big money is spent on relocating the village in Ghana.

GL

loki