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Eagle Hill Exploration Corporation V.EAG



TSXV:EAG - Post by User

Comment by Observer10on Oct 20, 2014 10:38am
184 Views
Post# 23043122

RE:Rollback

RE:RollbackDear Manyquestions,
In a hyper positive scenario, let’s say that EAG stabilize at current level (0.025 – 0.03). Let’s say their’s a way way positive news next spring and you’ve got a ten bagger here. These type of event happened in the past with exploration stock (so 0,25 $ per share). Then, a rollback at 20 to 1 would put EAG stock at 5$. So even in an ideal scenario, I think it would be hard for you to recuperate your money. Also, do not forget than this is 2014 and not 2007. So ten baggers are rare to come by in the current environment.
Consider taking a loss if in a regular account and consider buying it back again if you still like EAG stock at a latter date.
Just trying to make sense of your position in EAG if I was in your shoes.

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