Eagle Graphite Inc V.EGA.H

buy at 2-3 cents...then sell

[eztwo1]

Blackjack has basically hit it right on.  A modicum of DD would show that previous PPs of 32 MILLION shares were done at 2 and 3 cents....there are another 32 MILLION warrants @  5 cents.

I bought many shares lower (2 cents)some time ago after getting stung by apm previously.  My time is now up here.  Limao hasn't been drilled for quite some time(and not by APM) and will not be in production anytime soon, if ever.   There may very well be no drilling if cash doesn't arrive soon.  APM even announced in its MDand A that it needed ONE MILLION dollars to keep going and seems to have trouble completing a PP for much less......great management.....

The PP hasn't been announced as completed and will barely keep the company going.

The $800,000 needed to get back the 2% of the 2 1/2% of the OURO ROXO royalty may be a little more difficult than imagined.  Especially since the "consortium" hasn't started mining yet.   Strange that numbers are given for NON MINING????  Nice guessing.   

If you find the sell-off to be strange, maybe a little digging and some comprehension skills might help.  APM should have drilled Limao a few years back....now there is likely some skepticism .....and those shares at 2 and 3 cents...good profit as they are sold off.   Oh, and those pesky warrants.  Funny they weren't mentioned in the paid for write-up.

PS...thanks for buying my shares.....