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ESGold Corp C.ESAU

Alternate Symbol(s):  SEKZF

ESGold Corp is a Canada-based resource exploration and processing company. The Company’s advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Its principal restoration and recovery project is the Montauban property situated in Quebec, just 80 kilometers west of Quebec City. The mineral claims comprising the Montauban property (the Property) are located in southern Quebec, 120 kilometers (km) west of Quebec City and 80 km northeast of Trois-Rivieres. It holds approximately 226 mining claims totaling approximately 10,830 hectares on the Montauban Property. The Eagle River Property consists of approximately 141 mineral claims located in the north-western limit of the Mauricie area in Quebec Province, totaling approximately 7,972 hectares. It holds a 50% interest in the Ottawa River Project.


CSE:ESAU - Post by User

Comment by louelon Dec 15, 2019 9:07pm
101 Views
Post# 30457753

RE:RE:RE:RE:RE:Last post

RE:RE:RE:RE:RE:Last post Consolidations are in some ways a good sign if your not already in and under water.  A rollback multiplies an already loss to breakeven point by the same ratio as the rollback.   However if your in profit at the time it also multiplies the how far it has to drop to loose your profits.       No effect if your holding is equal when it occurs.    

  As a matter of fact price usually jumps a bit before dropping post rollback.  Tat is time to jump as normally it will recede again.    Companies usually  don't  roll back under 100M shares.  The odd one does but it is not the norm.   
  
  I watch for rollbacks in these venture stocks.  It is normally a positive future signal.  Explorers don't have an income other than placements.  That is how they rais the funds to drill or purchase properties.     Lower share counts make it easier to do a PP with lenders.  So when I see a rollback to 50M shares or less.   It says management is still intending on having another run at it some where.    They havn't thrown in the towel just yet.  

  It will probably be at least 0ne year perhaps 2 or 3.  So I place them in a list and watch if they pick up some new claims some where.  Then investigate the area potential.  Is there others having success finding mineral in the region ?     During the wait period news usually dries up,  Price collapses  Volume is  low  and speratic.  with a few big days.  Keep track and you will find the majority of buying is usually done through two or three       Briokerages.   
  If you have ever studied Dark Pool accumulation it is nearly impossible to detect.   But the indicator  " Balance OF Power"  does a pretty good job once your familliar with it.   It is what it was built to do.   
 
  When a PP is finally done  price will almost move to the same level or very close.   Just look at GGX and GOM.     Once money has been raised  they then can restart putting out news on initial selected grab samples and  announce a future drill plan creating interest which pushes price.     Most times management has awarded themselves incentive grants and options.     These are now excercisable and can be off loaded into the general market.     Whether or not they discover anything is irrellevant .   That is why I say never play or buy the company.      Instead buy  the lull and sell the hype. 
  
  
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