RE:RE:RE:RE:Good news for mining in Ecuador fleamarket wrote: BrendanC wrote: The_Alchemist wrote: It's safe to say that is why the stock price jumped today.
I belive the Guadngshou Group is the same company that Ecuador copper and gold have a joint venture with. Looks like they have cash, and they realize the valuations in Ecuador are a steal at these levels.
I respectively disagree. SRL itself only had 24k traded and news was released around 8:00 am. Huge lot bought for EGX around 3:00 followed by a number of small to midrange buys right up until the close. I dont think it is a coincidence either..... someone somewhere knows something we dont. In all honesty, I think we are going to see the Ecuador mining law change going into effect soon. Too much news as of late to be a coincidence. Again, I could be wrong... all in my honest opinion. Either way, your right, im right... we made a few bucks today and hopefully again tomorrow. Ecuador release "news" toward the end of the day, when this goes, we will more than likely see EGX take off before we get a news feed on the changes. GLTA
lol same old story see you at 6-6.5 late next week.. Unless more news which is unlikely at the moment. Possible delay unless the mining addresses proper changes in Ecuador before the next pea is due. Mind you to quote someone on the board the elephant does keep growing!!! Glta
Your input is noted, Flea. I may have an "I told you so" coming in a few weeks but I strongly doubt it. Ecuador have a lot going on right now as they are changing their ammendment laws, monetary laws, strikes, presidential requirments etc... Which all goes before the same committee. Worst case, it will be a week or two late as of yesterday by my educated guess. This will be done before the PEA. Glenn likes to keep new rolling and we will get news before 2 weeks. Good or indifferent. GLTA