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

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

Post by RollingDiceon May 29, 2014 11:54am
412 Views
Post# 22610392

I'm out! EGX is Garbage

I'm out! EGX is GarbageSold my stake in EGX.  Here's why.

1) IR just told me the big Miners are unable to buy EGX due to Ecuador's mining regulations.  Only small operations can move in.

2) Glenn is also running other companies.   Total compensation plan per year from EGX is $520,000.  Not bad for a part time job.  Why would he even want to sell the business when he can keep riding the break and take that fat salary.

3) The Chinapintza project has some kind of delay in their plan for December drilling.  They're unable at this time to get a permit, so instead they are  using the small amount of drilling allowed in their exploration permit to start "producing".  From what I understand this isn't even enough to stop dilution when salaries need to be paid next year.

4) EGX bought this land from previous exploration company (apprarently it's been passed around) who know couldn't do anything with it.  Ever wonder why Glenn was able to get it so cheap?

Been lied to enough by this company and their reps. 
<< Previous
Bullboard Posts
Next >>