RE: AGM, R/S and Brazil update....yes i agree that a 5- 1 reverse stock split is not smart ..directors in Ecometals are proposing this on DEC 3.
this is not the right approach just before the new mining law in Equador comes out..Ecometals Rio Zarza property is 400 meters away from Aurelians big drill hole gold discovery ...We should wait and not do a 5 to 1 reverse split right now..Also Ecometals owns a very large stockpile manganeese and they are waiting for export license to sell it since they won all there iron ore and manganeese properties back in brasil and the stockpile of manganeese is sitting in the port ready to be shipped its worth big money to ecometals..so i hope they dont think of doing a private placement soon..they should sell the stockpile of manganeese in the port ..like that they will have enough money to do some drilling on Rio Zarza..They also have huge stock pile of manganeese tailings..very very big amount....all they need to do is buy a dms machine and they will make big revenue from this..huge revenue...
they will make enough revenue that there is no need for private placements and will have enough money for drilling on iron ore properties in Brasil and drilling in Equador without private placements..why is management
with all the good news comming out soon and new mining law in Equador comming out wanting to do a
5 to 1 reverse split? not a smart move unless they are set up to do a private placement ahead of excelent news out of Brasil or Equador..They have excelent mining properties in Equador and Brasil..They also own big percentage in Braemore who just secured offtake agreements with Anglo in South Africa..So even more good news for Ecometals..lots of good news for ecometals but management is keeping very silent about everything...
Maybe Ecometals needs new Leadership.....