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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Comment by retep6on Oct 01, 2008 11:50am

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Post# 15496891

RE: EGD has lost support....down to 1.55

The options are to purchase stock at $2.50. They have to be exercised before they can be sold, and I don't think anyone is dumb enough to exercise an option (remember they are OPTIONS!!) at $2.50, just to turn around and sell at a loss.

Get a grip.

But I'm as astounded as anyone else at how far the stock has fallen. We're now trading at about 5 times trailing, hard to imagine why people are selling. I continue to add to my position, because eventually the fundamentals will lift this stock.

GL all.

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