EGI up +4% in Frankfurt today. Looks like we will see $ 3 in the US any moment now (perhaps already at the open).
If the IA is signed (Tuesday 6th) and the reports are right then EGI will be worth (on paper) after the signing of the IA 20% of $6.000.000.000.
This is $ 1.200.000.000. EGI has approx. 100.000.000 shares outstanding. So, after tomorrow the EGI holding in Mongolia alone is already worth $12. There is a lot of room on the upside for this stock......! The short term looks good, the long term even better. I predict this to be a yearly +100% stock for the foreseeable future.
Highest volume (500k) since aug 25. The IA is in the spotlight - a lot of people bought apparently in the anticipation of a jump. Better to have real longs on board. We'll see $ 5 next year - soon enough for me - move will be fueled by a soaring goldprice.
I hope of course that's how it plays out yet, man this is one roller coaster ride of a stock. Off over 6% today on really nothing. It might end up up 6% today - pretty wild. (gotta keep my stops really wide on this baby).