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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 BrendanCon Jan 31, 2016 8:52pm
150 Views
Post# 24511032

RE:RE:What will happen tomorrow?

RE:RE:What will happen tomorrow? It doesnt matter if they do a 10:1 or a 5:1... the end sale still nets you the same amount of money. 

The difference is that institutions won't show a .02 as a blip on a screen with 257 million shares out. If we are sitting at .20 we have a way better chance with only 25 mill shares out. These exploration companies dont have fundamentals so the only way your going to see $1,00 was on a buyout. Notw you'll see $10.00/sp on a buyout. In all reality, this doesnt effect us other than you will see your money disappear faster when the price is negative and rise slower when the SP goes up. But we will see movement faster in the sense of .01-.03 instead of no movement over the past 3 months. 

In most other cases a company will do these rollbacks for years and years just keeping new buyers that dont do their DD in the red... We have DELLER here and he is in the same boat as we are! Only difference is that he put up $30,000,000 to our thousands. EGX still have Xang, Lainge and the gang all still invested here. They need to drill and get better assays! There is too much room that we have not to contain large amounts of AU, AG and CU with all the other large mines around us. We just need to hit it! With only 25,000,000 shares out, you are correct, we will see more 3rd party investors which is exactly what we need!! 

Good Luck All !!!

 B
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