Yes I think the fear is that the underwriters are going to sell to loose hands and this will cap the SP in the short term. There will also be some who were reluctant converters and who will want to be offloading. Both will probably keep the SP under 30c until the DFS arrives, but after that we should be away.
At the very least it looks like EGA is actually going to dig up some gold which puts it ahead of 95% of the spec miners on the ASX.
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