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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
Comment by BT_Speculatoron Nov 12, 2010 9:51am
264 Views
Post# 17697751

RE: Retracement???

RE: Retracement???You're asking a very difficult question.  There was a retracement for the opening 15 minutes and it dropped to as low as 0.61.  CIN is very bullish and all the corrections thus far have been short lived.  However, only time will tell if you will be able to pick it up at a lower price.  There's very little history on the charts so technical analysis won't do a lot for you here; especially now that we are in uncharted territory.

I can tell you for you that there are always corrections along the way.  The question is when and where?  For example, If CIN moves up 40% next week and a correction of 20% that follows you would be better off picking it up here, but the market has a mind of its own.  Do whatever you fell comfortable with.  Good luck.
Bullboard Posts