RE:RE:RE:Today's News I think we all want answers Ticalian... haha. Its hard to guess at what this type of news indicates. We pretty much have to wait and see at this point. I do not think Deller would sink more money into EGX if there was no positive news in the works. It may be that they are holding out for the gold price to rise or to get it set in stone on the tax regime ahead. It could also be a ploy or tactic to misdirect potential buyers. If Glenn got lowball offers again, it could be a "show" to show the potential buyers that we have nothing but time on our hands and are willing to wait for an acceptable offer. I have sed this many times even when selling house hold items... "you dont want to give me what I am asking for it?", "I think I will hold on to it for a while until I get a better offer." ALL IN MY OPINION. This is merely a speculation. I did not sell a single share, nor do I plan to. If anything, I will pickup a few shares from those that cant wait. As far as I am concerned, we could get a buyout still at any time!
Frank, great job on the math here... But just say that does happen and we sit at .40-.75 on a buyout after more dilution. I personally will still make $100,000 give or take. Thats a 500% profit. You may sit on these boards and complain about these gains and my posts, but I am smart enough to understand the logistics of share structure and the value of this company and thats why I can sit and patiently wait till we get our return.
Im curious to see how anyone thinks that this company will go bankrupt soon? If gold goes to $1300+, companies like barrick gold who hold many many mines identicale to EGX's, only in the U.S, will begin production at these profitable levels again, as they have mined them in the past.... why would a site like this one go untouched?
Soon we will have countires like India, who are taking the lead on Gold resources making offers. Then China will have competition and we will start getting realistic offers.
ALL IN MY HONEST OPINION. I am sitting until we see REAL news.
I doubt this was the news that Golden was told about. Cathy knows what news he was refering to. This is not "news" in the sense of updates. This is more of an FYI, IMHO. I think we will see something. I hope Glenn did this before any real news to see the reaction and rid us of some of the recent garbage posted in recent weeks. Some of this news is like having a bad VD. No punn intended Frank!