RE: And Yet Another Debenture offering...............Hey Miestro,
I think EGX are currently still above water, which is a lot more than I can say for a lot of other junior explorers right now. EGX has no choice but to take cash from DELLER at this point... We have no incoming funds, no one really seems to be jumping in head first into these low grade gold becuase there currently is no value.... Its great that they aren't just sitting on their hands and doing nothing till gold climbed back up, as far as im concerned!! These guys are waiving salary because they know they can't claim $500,000 salaries on EGX right now. (Thats not to say when we sell that they wont take HUGE returned, with interest!!). No, I honestly think that it really is just a waiting game now. We rely on "analysts" to tell us " gold is going to $2000/oz by December 2014, then it was july 2015, now I am reading end of 2016....
Right now, for those just getting on board after the roll back are sitting pretty well. I sold my position before hand in preparation to see EGX slide back to .15, which is exactly what happens 99% of the time when consolidations take place and low and behold, EGX has held ground and gained a few pennies... Very surprising, but I have got my position back. I personally think we are going to see another recession coming and expect gold to climb back up. Copper has also gained some momentum since January, which is nice. Silver of course follows gold....
I am currently just dabbling into some medium gainers like LAD and some other oil companies that have done well the last few days... BXE (Bellarix Eploration), which I don't have on my shown portfolio... I honestly am just trying not to follow EGX daily as I was. It really is a waiting game and nothing else.. we know whats there and drilling would greatly help, especially high grades but the majority of what we have is extremely valuable at $1350++ gold prices. The rainy season ends next month and hence why they are getting cash now. They will likely start a drill program and we will see some movement then. Hurry up and wait!!
Tiger: EQT is dead. It was a short term money maker as they were awaiting drill results of a huge nickel target in NFLD. I merely used it as a joke to Patchahnd (God rest his soul) to "help" him out when it was at .08. after I invested in it, it when to .20 and I sold. It was a jab at Patch for bashing my shown portfolio.
GLTA those still here and those new.
B