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Energold Drilling Corp EGDFF

Metals & Mining Industrial Metals & Minerals
Energold Drilling Corp provides drilling services. The company's reportable segments are Minerals, Energy, and Manufacturing. Minerals segment provides drilling services in the minerals industry for parties principally in North America, Mexico, the Caribbean, Central America, South America, Africa and Europe. Energy segment provides drilling and other services to the energy sector in Canada, the U.S. and South America, and Manufacturing segment is engaged in designing, and manufacturing of equipment for water well, mineral exploration and geotechnical drilling companies. It generates a majority of its revenue from the Minerals segment.


GREY:EGDFF - Post by User

Energold Drilling Corp
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Post by DoubleManon Oct 01, 2008 11:24am
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Post# 15496804

EGD has lost support....down to 1.55

EGD has lost support....down to 1.55The options announcement for management and staff was certainly a bad move ....especially when markets were so negative....and it has become obvious that investers are abondoning the stock...

The markets are in a major correction and the stock is down 70% from recent 5.30 high....the support level is looking at 1.00..

I have noticed brokerage Clarus has been doing some big "accross the floor" transfers in the last several trading days....not sure if this is the options that were recently issued and are being sold.

Terrible time for EGD and any further news that is seen  as negative by the markets will certainly pull this stock down further.....and fast.





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