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ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."


TSXV:EGX - Post by User

Comment by rhodiumdon May 28, 2014 7:32pm
231 Views
Post# 22607745

RE:RE:RE:RE:RE:Who is going to be the Hero?

RE:RE:RE:RE:RE:Who is going to be the Hero?

This is pure speculation on my part but I would say so. 

A public company is not allowed to deliberately delay material information/news releases so my assumption is that they may have received/completed the PEA a very short time ago (48 hours maybe?) and have been working on their next strategy at the same time. There is always a way to "delay" news and buy yourself some time as it has to go through your legal team first for liability reasons, then approved by the TSX. All of that takes time. 

Now, with that said,  these guys do not need the PEA to put 2 and 2 together. So it is very possible that they are still waiting for the third party to provide the final document(s) but have started the negotiation process with some ballpark numbers, until they can come back to the table with final, official numbers. 


Once again, pure speculation. 

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