ECUADOR GOLD AND COPPER CORP V.EGX

Reverse Split's coming!

[riskmanager]

What you guys think?

Too many shares outstanding, options, warrants, etc. and the SP is stuck at this level. They won't be able to create value with all the shares.

My feeling but maybe i'm wrong about it....



GLTA
RM

[BrendanC]

I wanted to wait a few days to see if anyone else had anything to say or input on this topic...  I know i've answered this question and given my thought a number of times in the past 2.5 years so my outlook isnt changing much. Fully diluted, EGX has about 305,000,000 shares outstanding. We are aware of the already potential of EGX and the mines we have already explored. We have

[BrendanC]

Also, when compared to other companies, EGX has not invested nearly as much as others have or will need to invest. Right now, Ecuador are LEASING mining areas out (26 or so in total) for a whopping $30,000,000. Thats not even a hard hat in the forest or shovel in the ground. Thats just to lease the title to beggin exploration!! Also not including documentaion to begin explorations. They estimate

[BrendanC]

Hey Risk, Im going to respond to your email here so im not retyping everything. This is entirly all my two cents and I may be totally incorrect so do your DD. Reverse splits benefits would be to make the company appear more attractive to bigger investors by doing a 10-1 split and showing a SP closer to $1.00. Also, if a stock exchange requires a certain SP to maintain its listing, this is also a

[Viper31]

Brendan I think $1 per share is exactly what Viper wants for christmas hahaha That would def be nice to see something in that range and I believe its not "if" but "when" it will happen. Our patience will be rewarded. 

[BrendanC]

Agreed. Depending on what we hit on the new drills sites, we could see considerably more. Thats all based on results similar to FDN and Mirador, of course.

[BrendanC]

In the wake of the Paris attacks, gold is up $5.00 off the opening of asian markets alone. Very very sad day in the world and something like that is not worth any dollar amount but it just goes to show how markets react. We should see a big gain in Gold tomorrow. 

[BrendanC]

wow...  $8