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.

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Energold Drilling Corp

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Comment by draxteron Apr 17, 2009 7:36pm

334 Views

Post# 15928115

RE: RE: $6 stock tading at $1 CRAZY.

You hit the nail on the head there DoubleMan, couldn't agree more. As a result, there is also very little following to this stock.

I liked it since January and I like it more now. Yesterday I read the news release and was struck that not only do they have no debt, they have cash and intentions to buy. I thought to myself this stock is seriously undervalued (more than I thought originally), yet it would take sometime for anyone to really notice... The morning started with a whimper so I quickly got some more, then suddenly (small) buyers came in and started bidding up then stock. It spent the rest of the day knocking down resistance and if you look at the charts and the market depth you'll notice it will take very little to move this stock way way up. It has no technical resistance right now and lots of support.

This is where your point shines. If this was a better followed stock then it would be much higher than it is today.

Cheers

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