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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

Comment by Surathanion Mar 14, 2015 1:53pm
117 Views
Post# 23521363

RE:BrendanC-Excellent post

RE:BrendanC-Excellent postBrendan, I echo Cammac46 comments that your post was very good and I must admit I get reassured by your positive posts. However, I have also been in a lot of other risky stocks with lots of positive stockhouse followers only to get screwed in the end; hence I am still worried as to the delay in the PEA. I for one invested about five months ago because indications were that the PEA was going to be released by end October after an already lengthy delay; then it was November; then December and so on. You can not fault people for getting very concerned in what is already a risky investment, whether a long term investment or what was for to be a short term quick gain investment. I went into this knowing the risks but in all honesty I felt that the stock price would have remained above my break-even point of 5 cents! Its not a huge loss if I were to divest now but like I said I am eagerly waiting for the release of the PEA and I am not sure if I would feel comfortable holding on until November 2015. So wait I will but not forever. Last point, if, as you suggest, Laing might look at using the money to drill for cu then I would have thought he would have at least stated this in the press release announcing the latest debenture - that did not happen and he really has told us nothing of the reason why this company is raising these funds now. To me that is not just something not acceptable to me that a CEO can not even shed a little light onto what he is up to so that investers like myself can make an informed decision. I would think that is why so many are upset - it is the inability to make an informed assessment of the situation because the CEO refuses to acknowledge us retail investors - which to me is a red flag in itself. There are so many legal ways these small exploration companies can screw you and that is why when there are constant delays- without reasons being given and a total lack of communication by the CEO or through IR, people get twitchy and very nervous. Thanks for the info and providing us your thoughts on what might be happening - I for one certainly hope you are completely right!! Cheers,
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