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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 Goldenruleson Jan 02, 2015 11:10am
108 Views
Post# 23279629

RE:RE:RE:RE:RE:RE:RE:RE:RE:wondering

RE:RE:RE:RE:RE:RE:RE:RE:RE:wondering
Brendan, my understanding is that EGX's lawyers will need to go through the PEA. IR should be able to answer any questions about that. Despite GL's misteps, the timing could end up being pretty good as Jan-March are, as you've said, the exciting months for gold and by then, we may know more about the mining laws. If worst comes to worst,(for those trying to time their trading) the PEA will be completed by the end of January and the PEA will be released a few weeks later. Although I try to time other trades, I wouldn't sell a company like this when it is this close to being bought out, I haven't sold a share since I started accumulating. The price may climb as early as next week based on the company being one of the few that are this close to a buyout and smart money is watching Ecuador closely, but the gap up that happens once an offer comes in is worth the wait.
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