Eagle Plains Resources Ltd V.EPL

Large volume

[NineLives]

Someone just bailed, over 700,000 shares traded. On the good side they were swallowed up without to much damage to the share price. Possible wash ?? Still going to be an overhang of shares, hope it's removed quickly, otherwise EPL remains stuck in this rut.

[dar76124]

I really don't understand why someone would bail.  While there are no imminent catalysts EPL still has a bunch of lottery tickets and we only need one.  I'm OK with waiting.  I e-mailed EPL and we should know 2024 exploration plans soon.

[NineLives]

The last financing they did, which wasn't needed, certainly hasn't helped the share price. Hoping they revert to their core strengths which are project generator, Terralogic and drilling on shallow deposits looking for the glory hole. At least the cash should be earning 5% until needed, that's $400k a year, plus the balance over and above $8 mio leaves money for exploration and

[dar76124]

Based on the interview with Charles Downey it does not appear that EPL will fund any major drilling this year.  In addition he was not optimistic about partners having the money to drill this year.  It looks like a slow year,  maybe a chance to buy some cheap shares if the overall market corrects.  I think long term we are fine but I miss the anticipation we got with Vulcan