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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

EDM Resources Inc. is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, it also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. The properties are comprised of exploration licenses and a mineral property lease that provides for zinc and lead exploration and development. The Scotia Mine is located approximately 62 kilometers (km) northeast of Halifax, Nova Scotia, in the Halifax Regional Municipality. The Project consists of about 648 hectares (ha) of mineral rights in the form of three contiguous mineral leases. It also holds five exploration licenses covering 41 claims in the immediate vicinity of the Scotia Mine Deposit. Its Eastville Prospect is an undeveloped zinc-lead exploration prospect. Its Carrolls Farm and Carrolls Corner Prospects are hosted within the Gays River Formation.


TSXV:EDM - Post by User

Bullboard Posts
Comment by Kruzer70on Feb 14, 2008 5:45pm
99 Views
Post# 14376029

RE: dr paper has to go.

RE: dr paper has to go."A stock consolidation will not be beneficial to current share holders in any way" Do you any other medicine that might work? Nope there is no medicine that will work. The only hope for shareholders of this company is a sequence of events along the lines of a turn around in the price of zinc and lead before the company runs out of cash and a JV partner with the colletive intellence of a snail that will give the current shareholders a good deal. Otherwise you can sell or consider the money already sunk in as lost money and pray. What you should not do is buy a new position or 'average down'.
Bullboard Posts