EVG is doing "something," it's losing shareholder value.
The previous poster who lamented the PPG spinout and the Rattlesnake Hills JV addressed the reasons EVG is not doing better. Although they retained a large chunk of PPG -- currently 30 percent or so -- that is not recognized. What is recognized that the company in essence shipped out what at the moment is the claim that's generating the most interest.
Rattlesnake Hills was designed to prevent share dilution by removing a need for more drilling dollars. Then EVG does a private placement to fund Nevada drilling, with the share price in the basement.
This truly is the management that couldn't shoot straight. And, in the case of junior explorers, it's more often about the managment than the potential mineral finds.
EVG suffers from an overwhelming lack of positive perception in the junior investing community. Even if EVG's share price does rally, any forward movement -- short of that resulting from EVG announcing a find of all finds -- will see long-suffering longs getting out of the stock and so cap the gains. I'd be among that group of sellers and I'm not alone.