Grandich Client Update – Evolving Gold Breakout?
April 28, 2010
For months I’ve written about Evolving Gold (EVG-TSX-V $1.04- EVOGF.PK) and how it had possibly not one, but two world-class deposits but perceptions of management were IMHO depressing the share price. I’ve said it for years that management is the #1 key factor to a junior resource company’s success, or lack of.
With one big move last week (And I suspect more to follow), I believe in my biased but honest opinion, EVG has vaulted back to the top of most junior resource buyers shopping list. Speculators are grasping just how significant it is to have “Tookie” Angus on board. Literally overnight, people are awakening to the realization that EVG has two awesome projects and the merits of those projects are back front and center and no longer the abilities (or lack there of) to move them forward by management.
Knowing I work for the company and presently own over 1 million shares personally, I believe the share price should be closer to $2 then $1. Providing the gold price remains at least stable in the near term, I think EVG share price can break out to more reasonable levels. The first challenge is the 200-Day Moving Average around $1.11. It also was a former key support area.
With a 43-101 report due out, drilling set to start next month at the Rattlesnake, drilling underway in Nevada and Tookie at the helm, I’m very optimistic EVG’s share price can become more fairly priced in the days and weeks ahead.
To All Aggressive Speculators - ALL ABOARD!
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grandich.com
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Additionally...
BUYINS.NET: Naked Short Web Site Announces Evolving Gold (EVOGF) Has Been Removed From Threshold Lists Today
Apr 22, 2010 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold lists. Evolving Gold Corp (OTC: EVOGF). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to buyins.net .
Evolving Gold Corp. (OTC: EVOGF), a Canadian-based gold and precious mineral exploration and development company, engages in the acquisition, exploration, and development of natural resource properties. Its focuses on its discovery property, Rattlesnake Hills in Wyoming. The company also has other projects in southwestern United States, particularly in Nevada and New Mexico; and has acquired an option for the Kiyuk Lake property in Nunavut, Canada. As of February 24, 2010, Evolving Gold Corp. held approximately 36,400 hectares of exploratory lands. The company was incorporated in 2003 and is based in Vancouver, Canada. There is no longer a failure to deliver in shares of EVOGF.
BUYINS.NET, www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations.
Continued at (sans additional Evolving Gold info):
stockhouse.com |
