ECUADOR GOLD AND COPPER CORP V.EGX

All this silence could mean a Buy Out since they're...

[Viper31]

All this silence could mean a Buy Out since they're staying quiet and not responding to emails. Even though EGX is trading at 2 cents a share, I could see it being bought out for 30 Cents a share.

[SK0009]

May be & may not be. Earlier so many people on this bb were saying NR will be by end of December & all that but we still don't know where they are stuck. And not sure why any potential buyer will pay 30 cents a share when its market price is 2 cents. What will attract them to pay 30 cents. I realize that there may be good amount deposits of gold and Copper but question is what stops

[Mrtn67124]

It's possible to have a buyout at 30 cents. When Probes mines was sold to Goldcorp around 5$ and the day before the share was 2,50$ or 3$. It happens. EGX and ME(Moneta) are good prospects for a takeover shortly.

[BrendanC]

  Firstly, We are still waiting for approval for our new permit to continue exploration. As I stated previously, our permit under "Condorming", expired. It is very costly to request another permit under the same company name so EGX changed the name to assist in the permit process. They may have already gotten the approval and have been working on the NR. The next NR we see SHOULD be

[SK0009]

BrendanC, is it guaranteed that EGX will get permit for exploration? What if EGX doesn't get permission?

[BrendanC]

No it is not guarenteed, from what I gathered from Heye. If it is not approved then EGX has to pay for rights again. Without question, DELLER will likely pay the fee. I wouldnt worry about it unless there is a NR that it wasn't approved. DELLER is in good with the gov't as well. I persoonally am not worried. B