Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Eagle Plains Resources Ltd V.EPL

Alternate Symbol(s):  EGPLF

Eagle Plains Resources Ltd. is a Canadian based mineral exploration company operating in Western Canada exploring for gold, critical-metals, uranium, lithium, rare earth elements and industrial minerals. Its business is engaged in acquiring grassroots critical-and precious-metal exploration properties. Its projects include Acacia Project, Iron Range Project, Kalum Project, Vulcan Project, Cathro Project, Knife Lake Project, Olson Project, Schotts Lake, Dictator Project, and Elizabeth Lake Project, among others. The Acacia Project is located 60 kilometers (km) NE of Kamloops, British Columbia (BC) and cover approximately 4857 hectares (ha). The Iron Range Property is located one km NE of Creston in SE B.C and covers 70,473 ha. The Kalum Property is located 35 km NW of Terrace, BC. The Vulcan Property is located 30 km NW of the historic Sullivan Mine at Kimberley, British Columbia. The Elizabeth Lake Project cover an area of 1266 ha and are located 21 km north of La Ronge, Saskatchewan.


TSXV:EPL - Post by User

Bullboard Posts
Post by currency24on Jun 04, 2013 8:44am
270 Views
Post# 21480440

06 June? A Day to Remember? Longest Day

06 June? A Day to Remember? Longest Day

For all those who have a interest in EPL and related companies, this is a key day for EPL, not directly but indirectly.

06 June - First a little history - 06 June, 1944 - D Day - Longest Day.

06 June, 2013 - this is the day the Debenture holders for 2014 and 2013 for FNR vote on FNR financial restructure plan - A vote of NO by 2013 Debenture holders spells serious financial issues, refer to FNR's press releases where this is discussed and thir Auditors report. A vote of yes gives EPL and FNR some breathing room but, in the end FNR will not be able to raise the funds to continue with their current Failed Investment Model, which based on performance has failed, in my humble opinion.

What this means if its a No or No Go on the Debentures, then FNR goes to the Creditors in short order, once again refer to FNR;'s own comments, on going concern as well as the auditors. This means the Creditors/Admin will sel off all the assets which includes share sin both Public and Private Companies. We have seen this in the past when Funds are forced to sell shares, we saw it in 2007/08 and back to Bre XDays, when the resource MKT got hit hard due to Bre X and Fund Sales.

Yes, 06 June shall be the Longest Day for FNR, RPL, OMM, GCR, WGF, WTR, CRJ, SGF, TEM, LAR, PF and other Public and Private companies that FNR has interest.

Good Luck - PS this is what happens when one Fund owns a large block of shares.

All in my humble opinion.

 

Bullboard Posts