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ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."


TSXV:EGX - Post by User

Post by cammac46on Jan 09, 2015 7:44pm
189 Views
Post# 23304257

Perfect Storm Developing

Perfect Storm Developing1-Markets, especially oil stocks are in the $hitter...2-Gold firming up above $1200/oz (I predict that will continue as we approach PEA results because of all the other stuff going on with plunging markets and oil prices)...3-PEA results to be released before long (I also predict that will be delayed if gold does not continue to advance upwards...if they can do that legally)...4-and last but not least Ecuador's mining laws are about to change in our favor.....All in all...I call it a perfect storm that will continue to develop for the next couple of months and as far as todays dump...it was well absorbed, I also think it was a desperation sale..nothing else...I agree with Goldenrule on a possible margin call or whatever due to oil etc. Yes, that can sound like grabbing at straws..but it was well absorbed! GLTA Investors!...Cam
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