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Eagle Hill Exploration Corporation V.EAG



TSXV:EAG - Post by User

Comment by Goldflowon Jul 25, 2013 8:05pm
302 Views
Post# 21631233

RE:RE:RE:RE:RE:RE:RE:450 million shares ??

RE:RE:RE:RE:RE:RE:RE:450 million shares ??I don't know if you're playing dumb or if you're actually not up to date with EAG? EAG only had to give Noront about 600,000 dollars for the new agreement, and had the rest of the NEXT 3 YEARS to come up with a BFS before Noront could buy back the remaing 75% for 6 million. 3 years is more than enough to time to come up with a BFS, so Noront has slim to ZERO chance of buying back EAG's 75% anyways. This deal was subpar at best, and seemed like a desperate attempt for capital in the current horrible gold market. You may looking to make a quick buck, but EAG is one of my largest holdings, and I plan to stay in for the long-term as I could see them having a market cap of 1 Billion easily with such a great property - ONLY IF they don't get taken over through a hostile manner. Sure we've solved the problem of Noront taking our property, but now we have created another problem, that may allow Dundee, a billion dollar company, the opportunity to easily take out our COMPANY if they wanted to.
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