ECUADOR GOLD AND COPPER CORP V.EGX

Aura

[DrawerKnife]

Aura owns 191,500,000 shares of EGX. At .04 that works out to around 7.6 million dollars. Not sure what their average stock purchase price is but it is above .04. They have purchased debentures with a 12 % interest rate. I believe Aura was in at .21 and has since averaged down. I’m a little lazy, but has anyone calculated what Aura has paid so far for their EGX shares. I recognize the 12% debentures, but how much of their holdings are debentures at 12%? My question is how much has Aura paid for their shares for EGX as of today. Brendan, sharpen your pencil. I’m thinking Aura is in for a least 15 million, not factoring in the 12 % debentures which would bring their real cost down.  I’m thinking Aura’s 1 million dollars equates to $1000 for us.

[BrendanC]

No pencil sharpening tonight but I will add some to this. I can probably go through some figures tomorrow. Short and Long is that Deller is to EGX what Beaty/Buffet are to ODIN/Suncor. With less input than the other two. Beaty invested $5,000,000 to keep ODIN going and to get drills done while there stock shot up a few hundred percent with priases to Beaty. Deller has done exactly the same thing

[BrendanC]

This is from 2006 but it gives you a bit of insight as to Deller and his family. This is not a scam artist and simply wants to improve his country from a economic standpoint. https://translate.google.ca/translate?hl=en&sl=es&u=https://ecuadorinmediato.com/index.php%3Fmodule%3DNoticias%26func%3Dnews_user_view%26id%3D34846%26umt%3Dcamara_comercio_quito_reconoce_a_centro_comercial_quicentro

[BrendanC]

Im not going to do this all night long but I havent posted in a while and would like to back my statements with some DD that I have saved...   This is from 2013 where Deller was a guest as the vice presidents daughters wedding where Correa was present as well as most of the ministers and heads of state... well connected !! https://translate.google.ca/translate?hl=en&sl=es&u=https

[DrawerKnife]

You missed the point Brendan. Why would Aura invest 15 million only to have a worth of 7 million today. I think that is a good thing, Aura knows much more then us. I'm long here and taking a hit right now. Gold sucks right now, but that could change up or down. Do not ever believe the gold forecasters ever, they don't have a f×%king clue.

[BrendanC]

  no, I understand what you were asking but I don't have all my figures in front of me and I do not want to go through my journals right now or start researching his share count and values again. SK0009 wanted to know about Deller (Aura) and no one was responding to him and against my decision to take some time off from posting so much, decided to take the time to reply to him.   I

[BrendanC]

One thing I highly speculate on is that EGX wont be sitting at .035 very long. The test work they are doing now will greatly improve the lower capital costs associated with Leach mines and is work that the buying company wont have to do. Cutting time for them to do this work themselves and paperwork that needs to be done for the gov't. With the MET work done last year, it was a 50-50 chance of

[avispa]

Last Friday, the PowerShares US Dollar Index Bullish Fund (UUP) broke through bottom resistance following an important period of sideways trading --- The US dollar is poised to head south – Should be interesting for gold prices