RE:RE:RE:check the balance sheet
Yes, they have $$ enough to cover the PEA. They are looking to raise 800k for the condor project, possibly to drill further?? Maybe for permits for the site to get the ball rolling for the potential buyers. If they have a buyer in mind, there is a good chance they may be working on the technical details of the venture.
If IR gives information, it has to be to the letter. If they say it will be out by year end and it isnt, its on Glenn, not IR. It is highly fraudulent for them to give inaccurate information or information that is not based on fact. They have nothing to gain by talking up EGX or making false claims and everything to lose as they are IR's for 100's of companies.
December is the best month for companies to merge and acquire due to the tax's and ease of transfering assets. If Glenn was in China and has prospective buyers, there is going to be a lot of pressure now as EGX has exhausted the resources and, other than drilling again, cannot better the PEA, IMO. I think we WILL see the PEA late November - Mid December and the buyout will be just after. Things are going to happen very quick from here on. GLTA