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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 nightcrawler000on Jan 31, 2016 12:59pm
110 Views
Post# 24510259

RE:What will happen tomorrow?

RE:What will happen tomorrow? I'm sorry, but at this time, why would anyone be looking to buy? My belief is that many people may pull chute this week as they realize that this process is going to take longer than what we believed. What benefit is there to buying now? Where is the motivation? We can pump as much as we want, but the most likely scenario will be to dump. I have said that I have had a bid in at half a cent since the summer. I believe that it may finally be filled (if I keep it there).

This 10:1 consolidation really ticks me off. Why not 5:1? If they needed to get over five cents to do some sort of fund generating move, they didn't have to go 10:1 (unless they believe there will be a big dump). We have had people say this stock could go as high as a dollar. So are we thinking ten dollars now? I doubt it. What would be the selling price? Maybe thirty cents? What price does Deller need to at least get his money back? I think that is our cap at the moment.

Sorry for being so negative. I believed that consolidation was most likely not going to happen based on my research, comments from other investors and people on this board mentioned. 

I have A LOT of shares and could easily take up must of the bid on level II if I wanted to dump. At the moment, I am not. Not because I am happy, but rather it is too sad to see how much I will lose.

I am curious when they start rebuilding their imagine and credibility...
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