The week that was, page-9

Can't believe I am saying this: I agree with Ahjay. There is good reason to be confident at the moment, and I believe that the recent valuations are conservative and will be de-risked over the coming weeks and months, "unlocking" some shareholder value. MIN would - I hope - know more about this business than the rest of us, and the timing and extent of their participation is, I believe, quite deliberate.

That downtrend line is technically not correct PB: you can't simply pick up random points midway into a downtrend as your anchor for the line, and cannot simply extend it through to a point which allows a breakout to "appear". Yes, there is clearly a downtrend there, but to put lines in in such a way as to imply that the channel is now just above the current share price is misleading. Trend analysis on this stock is not overly reliable. I found that some of the Fib projection numbers back in 2011 worked ok (1.618 extensions etc.), but general support and res lines were less than reliable. Ewave counts were also reasonably reliable, when combined with fundamentals to support them. Trend lines, however, were not reliable (as a rule).

Coming weeks will see a countdown to the RGN resolution which will continue to allow valuations to be revised upwards (particularly after/if analysis shows what Empire hopes with regards to RGN reserves). News regarding the refinancing will also help, and we already have a Plan-B in place for that just in case something new cannot be found. But for now, most news coming up should favour the upside as it resolves the two key issues we are facing (RGN and debt), or could be additional news about corporate structure (I personally think we will soon see some news confirming the appointment of a new non-executive Director to represent MIN's interest: such an announcement will be well received by the market).

I know that some here don't trust me as last time around I made good money by being long when the stock went up, and being very open about when I sold and why. I never bragged, but when publicly derided by those who chose to ride the stock down to the ground I chose to take my comments and focus my energies elsewhere. All that said, I am only here again (and risking further silly comments) because current circumstances alert me to the fact that, in my opinion, EGO's time to rise again is near.

Best regards to all holders. May all your ferrets be happy ones.