A few signs tell me where in for a trend reversal.
1.Downtrend and falling wedge breakout. 2.CMF shows accumulation, trending upwards as the SP was still downtrending. This happened a while back during sideways movement and was followed by a spike. Although it did continue down before, I think this time is different because there is a clear breakout here. 3.Large move off the SMA 4.RSI above resistance line.
EGR do seem like they're in better position now, not far off securing finance for there Epanko mine and graphite battery facility. Offtake agreements are being finalized for ecografs high quality fines. Samples were recently approved by customers.
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This is the bottom. It's all upwards from here....imo ;)
Those who participated in the recent SSP at 0.065c would be extremely happy. Although EGR have had a couple of huge green days on the back of publicity, the SP is having a hard time holding price levels above 20c. A lot of hard selling going on, I guess it's a combination of tired long term holders finally exiting and those that participated in the SSP locking in nice profits. I believe EGR are at a point where finance is vital for SP growth. The 2020 Mining regulations in Tanzania should now allow the loan to be settled and approved with the Government. Also a strategic partnership for the Battery Processing facility in Kwinana would also provide sustainable growth in the SP. Keeping an eye for Finance, a Strategic Partner or further offtakes. Price target for years end with finance approved for either Kwinana facility or Epanko, 60c. GL to all holders.