Nothing has changed, but...

Nothing has actually changed since MIN bought 20% of EGO. The share price spiked, but settled back to its pre-MIN level on the back of no news. Supposedly the Board are working hard, although we are seeing nothing. The sceptics would say they are doing just that - nothing - but the optimists are looking at the calendar and counting down the days to RGN1's remediation.

Lots of talk on HC. Nothing solid from Empire. From the sounds of it, general sentiment is also hitting an all time low, with investors now heading for the door. Perhaps I called it one or two cents too early, but to me extreme negative sentiment accompanied by "spikes" in volume and price (down spikes) signals the lows in price, and given that fundamentally news is now "on the horizon" (as opposed to over it), I personally think now is the perfect time to load up, sit back, ignore the noise, and wait.

I am pretty confident that many will disagree with me. That is quite normal at points where market sentiment is yet to turn. At the top, many were convinced that GGW1 was undervalued and that the share price should be double what it was at that time. Those who exited were told to "go away" (not so nicely) and promptly did so. Now the worm has turned, and I feel we are at the other end of that piece of string. As for the price, I believe that circa 27-30 is at or near the bottom of this current cycle. How far it goes up from here, nobody knows (I shall refrain from sharing my thoughts on that as it would certainly be considered ramping).

Markets always look their best at the top, and their worst at the bottom. That will never change.

Best regards
Kit.