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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 BrendanCon Dec 31, 2014 12:49pm
126 Views
Post# 23275963

RE:RE:The only trades that are being made now and for the last 6

RE:RE:The only trades that are being made now and for the last 6 You hit the nail on the head. Unfortunately, in a zero sum market, there has to be a winner and a loser. I doubt you will see anyone cancelling their sell orders but, like you said... there is less than 1 million between .07 and .10. they will get filled very fast after new year leading up to PEA release. We saw .145 in May when it was up in the air whether we would see the PEA release or not. IMHO we should see close to the .16-.18 mark leading up to the release. Gold's strongest months are January to March in terms of upward movement. I hope your wrong in terms of Gold not making the move that anylists predict. I really dont like anylist predictions but I hope they are correct on this one.  I do not think EGX will get in on any joint ventures on this one. They are short on Cash as it is, PXA had all but ruined Glenn to the point that he is dumping his own money into it and has debt out a$$. EGX would be looking at at least 1.5 - 2 years before anything would be gotten out of the ground based on the rate of infrastructure being put in place in Ecuador. A buying company could use this time to set up shop and get the proper documents in order to be ready in time where EGX just doesnt have the money to do so. It may be possible that a joint venture company could have the money to do all this but Glenn has stated multiple times in the past that the route they intend to go is for the sale of EGX. This wont be drawn out too long. After the PEA, depending on how good it is, we wont be long before this is sold. The longer it sits on the shelf collecting dust, the more value it will gain when the law is actually passed, possibility of Gold going back to $1300 which some anylists claim etc...   IR couldnt comment on the price offer that Glenn received early last year but they did say it was a lowball offer. Lets hope these guys get serious after the PEA and make us the offer we deserve. 
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