"That said, abit disheartening given average in price is above $2 where this was at much higher gold price, but less actual production/figures being seen."
EVR is not the only mid sized goldie that has received a kick in its but over the last 6 months. Have a look at PRU, RSG, SLR, SBM, EVN, RMS, SAR, KCN, OGC and even TRY and MML. It is the same story everywhere. One needed to exit earlier (even at a loss) to conserve cash and buy back in cheaper.
I bought back in at 80 cents and sold half around 90 cents recently because I feel the POG could head lower for a while.
Longer term EVR should get back above $2 so long as they can contain costs and the POG recovers to at least USD1600.
I am no longer willing to just buy and hold goldies. Conditions are very different from 2009-2012 and too many goldies stuff up along the way. The buy and hold approach makes us sitting ducks when the poop hits the fan.
GL
loki
EVR Price at posting:
76.5¢ Sentiment: Hold Disclosure: Held
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