Peter Grandich seemed happy with the news!
Grandich Client Update – Evolving Gold, Back to Evolving Versus Dissolving
Posted: 07 Jul 2010 12:01 PM PDT
In my humble but highly biased position, most if not all the baggage that was being carried by EVG for its past corporate communications missteps were discharged today by the news of Goldcorp becoming a significant shareholder. The belief that this company had not one but two potential world class deposits but was being priced as if they were the gang that couldn’t shoot straight, has now received one heck of an endorsement on the project side of things by this news.
Perhaps because many of us were feeling like we were being slowly tortured by the slow but steady decline in shareholder value, we lost sight at times of how good the company did to get to this point projects-wise. Whatever we were thinking received a jolt of renewed confidence in this news.
But the news should not be so surprising since when Tookie Angus arrived on the scene I noted management skills jumped ten-fold. I haven’t spoken to management and even if I did I may not know for sure, but I’d bet a pretty bundle Tookie’s hands are all over this deal. And what a deal it is. No earn-in interest, no lost of exploration control and no sweetener’s like warrants and the like.
A new day has dawned at EVG and this EVG major shareholder feels born again!
In less then 24 hours, I went from this:
To This: