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EGR Exploration Ltd V.EGR

Alternate Symbol(s):  CDNMF

EGR Exploration Ltd. is a Canada-based company. The Company’s principal business activity is the acquisition and exploration of mineral properties. The Company is exploring for gold in the Detour-Fenelon Gold Trend, approximately 300 kilometers (km) north of Timmins, Ontario. The Company’s 34,681-hectare (ha) Detour West gold project is contiguous to Agnico Eagle’s property, which contains the Detour Lake Gold Mine and is approximately 20 km from the mine, which is also hosted in the Abitibi Greenstone Belt. It is targeting gold deposits associated with the potential extensions of the Detour-Fenelon trend structures onto the West Detour property. Its Urban Barry property is in the Urban Township of the James Bay region of Quebec in the Abitibi Greenstone Belt. The Urban Barry properties encompass an area of approximately 6,900 ha and directly adjoins Osisko’s Windfall property, with the Langlois base metal-silver-gold mine located approximately 30 km to the northwest.


TSXV:EGR - Post by User

Bullboard Posts
Post by brodanon Oct 20, 2010 3:42pm
294 Views
Post# 17589101

Great news and great volume

Great news and great volumeThe only problem with new companies like this is that there is to much cheap, and i mean really cheap, stock out there.  To many investors are pulling money off the table and taking advantage of this moment of liquidity.  I bought on the news this morning, and although i only own 50,000 shares at 0.215, I am a bit discouraged by the selling pressure.  I still feel this is a good value area for a REE play.  I'm not in a rush to sell but feel a bit run over.  0.19 just traded down and the selling continues.  Looks like i might own this one for a while.  Small issue and they can't control the selling.Will be looking to pick up more if it moves to the 0.15 level....why not....

Please do your due diligence
Cheers
Bullboard Posts