RE:pink glassesruffio2326, i know its painful.. if you lost confidence in EGX you should at least sell your shares for 3 cents...
i know that EGX is still a risky play, but don't forget that Gold is in badshape right now. Have you seen Barrick gold, kinross Gold lately... its not going well for the big players so that the junior.
Why i invested money in (not all):
1) Big deposit (low grade)
2) Insiders owns a lot of shares
3) Believe that gold will recover sooner that later
4) Ecuador will be friendly mining
5) Chinese are well invested in Ecuador
If they still closed debenture, its a good sign that something is going on. To keep my faith in , i have to look at the big picture and not the day to day trading. Do you thing the Aura who owns more that 52% will go bankrupcy? I doubt....
I was invested in OYL which is CGX energy, trust me i was losing confidence as well but it went from 20-30 cents to 2 dollars in a small space of time. So i know our day will come.
Do your own dd.
GLTA
Riskmanager