RED EAGLE
I sure hope some of you EOM folks who are also in Galway Gold like me, got into Red Eagle. I hated CB Gold and its management but did not want to take a chance that that Company would make it vs. EOM. Many years ago, the smart money was on Greystar and not in Ventana Gold and we all know what happended there. I picked up a fair amount of CB Gold and added a lot during the Red Eagle take out. Best decision ever. The mergered in value was about $0.24 per share and now we are at $0.60. Red Eagel will be the first mine commissioned in decades and in production in 2nd half of this year. Makes the non sense with EOM a bit easier to take.
As for arbritration, that process can be up to 5 years followed by added litigation in each jurisdication to seize Columbia's foreign reserves or goods being shippped by Columbia. Columbia does not cut a check unless their is a settlement which you can bet is a heck of a long way off. Also do not expect the major shareholders to do this kindly. They will fund based on convertible debt and end up with a larger share due their funding if this goes that far. Most small shareholders do not realize this. I am hoping for a miracle here but EOM not looking good folks. Zero interest in the stock which you can see from the daily volumes. GLTA