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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 AvgInstincton Aug 04, 2016 1:30pm
670 Views
Post# 25110788

RE:still a long ways to go for the real longs.

RE:still a long ways to go for the real longs.Simple math based on the NR would imply that EGX shareholders would receive @ 0.8479ish per ODN share. Calculated as follows: .3584 X 1.89 (premium based on 20 day avg) / 0.7989 = @ 0.8479. That would imply that if the ODN share price can hold up in the 0.90ish area, EGX shareholders would receive a price of @ 0.76... a profit for you if ODN trades @ 0.90. So... we'll see how the market digests this...
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