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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 Feb 13, 2015 4:50pm
132 Views
Post# 23428942

RE:Question

RE:Question

nightcrawler000 wrote:
We all know that the lawyers were going to need time after the PEA was complete to go over it (First mentioned by Golden some time ago). I am curious to know if there are any other possible steps that may need to be taken after the Lawyers complete their review? Any other possible steps or is it just sitting on Glenn desk until the moment of his choosing?



The lawyer stated that he would need "at least a month" to reveiw the PEA and once that's done it should be released to the public. Of course, if Glenn has been negotiating a deal, pending review of the PEA, it might take a little longer, but maybe not. I'm starting to think that this is probably what has been going on because of the news blackout. If Glenn thought he'd be needing to raise money for further exploration he would have been more forthcoming as the guy is a pretty well known stock promoter. It was mentioned by one of the posters that someone would have known about this and would have been buying as a result, but I don't think that would happen with the non disclosure agreements that would have been signed. The few investors who follow this story have had an unusually large amount of time to build their positions, thanks to the postponement in May. The only clues I can see as to what's happening is Aura's willingingness to keep buying.

There are several potentially gold friendly events happening in the world at the end of February. There are rumours of a removal of the Indian gold import duty (return to 2012 levels) and the decision with Greece's debt (both on the 28th). So a PEA release around that time should be well-timed.

Here's the trading summary for the week and for the month. Again more buyers than sellers in both cases. If we remove anonymous and TD from the list this stock would have been pretty quiet for the past few months.

Summary for Week

House Positions for C:EGX from 20150209 to 20150213
House Bought $Val Ave Sold $Val Ave Net $Net
9 BMO Nesbitt 110,000 5,500 0.05 0 110,000 -5,500
7 TD Sec 281,000 14,130 0.05 187,054 9,432 0.05 93,946 -4,698
19 Desjardins 101,000 5,050 0.05 32,000 1,600 0.05 69,000 -3,450
2 RBC 35,000 1,750 0.05 0 35,000 -1,750
85 Scotia 15,000 750 0.05 6,000 300 0.05 9,000 -450
89 Raymond James 3,054 152 0.05 800 40 0.05 2,254 -112
58 Qtrade 2,000 100 0.05 0 2,000 -100
79 CIBC 800 40 0.05 0 800 -40
62 Haywood 0 6,000 300 0.05 -6,000 300
83 Mackie 0 10,000 500 0.05 -10,000 500
39 Merrill Lynch 0 15,000 750 0.05 -15,000 750
33 Canaccord 0 22,000 1,100 0.05 -22,000 1,100
80 National Bank 54,000 2,950 0.055 79,000 3,950 0.05 -25,000 1,000
1 Anonymous 0 244,000 12,450 0.051 -244,000 12,450
TOTAL 601,854 30,422 0.051 601,854 30,422 0.051 0 0


Summary for Month

House Positions for C:EGX from 20150114 to 20150213
House Bought $Val Ave Sold $Val Ave Net $Net
7 TD Sec 1,988,280 106,695 0.054 1,060,054 57,432 0.054 928,226 -49,263
9 BMO Nesbitt 626,000 34,010 0.054 242,666 13,243 0.055 383,334 -20,767
124 Questrade 307,000 19,414 0.063 6,100 305 0.05 300,900 -19,109
2 RBC 736,491 41,484 0.056 511,900 26,219 0.051 224,591 -15,265
79 CIBC 159,500 8,642 0.054 33,000 2,045 0.062 126,500 -6,597
80 National Bank 244,000 13,500 0.055 120,000 6,505 0.054 124,000 -6,995
15 UBS 100,000 6,000 0.06 0 100,000 -6,000
85 Scotia 61,000 3,565 0.058 24,000 1,290 0.054 37,000 -2,275
58 Qtrade 22,000 1,100 0.05 0 22,000 -1,100
99 Jitney 31,000 1,660 0.054 10,000 650 0.065 21,000 -1,010
28 BBS 20,000 1,050 0.053 0 20,000 -1,050
143 Pershing 10,000 600 0.06 0 10,000 -600
19 Desjardins 397,700 21,732 0.055 388,000 21,084 0.054 9,700 -648
89 Raymond James 18,887 1,038 0.055 13,178 779 0.059 5,709 -259
39 Merrill Lynch 16,000 970 0.061 15,000 750 0.05 1,000 -220
62 Haywood 0 6,000 300 0.05 -6,000 300
83 Mackie 0 10,000 500 0.05 -10,000 500
13 Instinet 0 11,000 715 0.065 -11,000 715
36 Latimer 72,207 4,002 0.055 85,000 5,100 0.06 -12,793 1,098
74 GMP 0 18,000 900 0.05 -18,000 900
88 Credential 0 65,000 3,575 0.055 -65,000 3,575
33 Canaccord 0 79,167 3,960 0.05 -79,167 3,960
1 Anonymous 528,000 29,185 0.055 2,640,000 149,295 0.057 -2,112,000 120,110
TOTAL 5,338,065 294,647 0.055 5,338,065 294,647 0.055 0 0

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