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Erdene Resource Development Corp T.ERD

Alternate Symbol(s):  ERDCF

Erdene Resource Development Corp. is a Canada-based resource company focused on the acquisition, exploration and development of precious and base metals in underexplored and highly prospective Mongolia. It has interests in three mining licenses and an exploration license in Southwest Mongolia. Its projects include Khundii Minerals District, Bayan Khundii Gold Project, Altan Nar, Greater Dark Horse, Ulaan, Zuun Mod and Khuvyn Khar. Its projects are located in the eastern portion of the Central Asian Orogenic belt. The Bayan Khundii mining license covers 2,309 hectares and, in addition to the Bayan Khundii high-grade gold deposit, includes its highly prospective 20 square kilometers greater Dark Horse prospect area, including the Dark Horse Mane high-grade gold discovery. The Zuun Mod Molybdenum-Copper Project is a porphyry molybdenum-copper deposit. The Altan Nar mining license covers 4,669 hectares. The central and northern portion of the Ulaan license hosts a porphyry copper prospect.


TSX:ERD - Post by User

Comment by boatingon Mar 13, 2012 11:02pm
384 Views
Post# 19666365

RE: RE: ERD stock all time lows

RE: RE: ERD stock all time lows

Miner8740 - Funny how you show up on this board when the share price is not doing very well.  Nothing to say when ERD releases good news or when the price goes up.  Management is just as frustrated as the share holders with respect to the price.  The major problem are the brokers.  Brokers want to invest there money 'today' and make their fortune 'tomorrow'.  Yes I understand we have been waiting for years.  However, ERD is behind the eight ball because Xstrata are dragging their feet and wont advise what their intentions are.  Yes, they just mentioned the other day the next phase of the environmental study, but they still won't confirm what their actual plans are with respect to the mine.  Xstrata will not buy ERD out, it will be the other way around.  They will get the funds for Donkin when required and are currently working on getting funds for the next drilling phase for the gold property in Mongolia.  Yes it has been a long time but patience is a virtue and Rome wasn't built in a day.  If your that unsatisfied with the performance of management, sell your shares (if you still hold) and leave the room. 

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