RE:RE:As far as investing in EGX goes, IMHO, this is by far the FrankVD wrote: BrendanC wrote: most important mining conference for EGX (LAINGE) to attend.
https://www.minesandmoney.com/hongkong/exhibitors-2015/
EGX is not on the list. This is the home of who we are trying to attract. There has to be a ready why we arent attending. As far as shopping around, this is the place to be. Again, IMHO, but there has to be an underlying reason for EGX not to be at the show.
Keep doing your DD, we're not there yet!
why go there, Glenn do nothing to promote EGX, wake up
See, this is why I havent posted much as of late... because we have extremely knowledgable investors such as yourself, FrankVD!! I knew that in all my research and hours of DD, my posts could easily be debunked by the intelligence of smart investors like yourself.
I am going to completely agree with you here... 100%. Glenn has done nothing to promote EGX or much of anything for this company for that matter. I will however point out a few minor positives just for the sake of not completely running his name through the mud. Also, because I have been asked about how we could potentially have a 1000%++ gain on this company as an investment.
I would begin with Laing, He has done a few minor things like prove up $15,000,000,000 in resources and 1/10th of the price of other companies. (Ill explain in a bit). He has also managed to shop this around and get offers BEFORE we even had a PEA release. During this time, he also did not accept these low offers knowing that it was "lowballing" and had the nerve to wait until he had proof of our resources. He also had the balls to get a 3rd party investor willing to put millions of dollars into this company, which saved is years of share dilution at .05 instead, getting the money instantly at .10/share. This caused less dilution due to the sale of shares at that specific price. I can't believe this guy even has a job!!
So, as per the gains we could see...
Glenn has stated many times at how is only cost $20-$30/oz to prove up these resources at about 1/10 of other companies. What he is saying is... to explain..
Example:
If you have company.. XGE and company ABC. Both go into a country we will call Ecadoria...
Both companies find $500,000,000 in resources.
Company XGE hit it first drill strike, crack team and it cost about $500,000 to find.
Company ABC drills and drills and drills, months after months of payments and bills and find their $500,000,000 in resources but it cost them $1,000,000 to find. B
Both companies mines are worth the same value... we will say sale price of $2,500,000.
ABC has a profit of 150%
XGE has a profit of 500% (Hope my math is near accurate)
This is why we can see such gains, it did not cost us much to find. We dont have the huge market cap caused by shares that other companies have when they find this size resource.
* I make no assumptions of what is going to happen with EGX. I have no idea what they plan to do, I just post what I can see and point out to. They likely wont JV because they dont have the $$ to go 3 year till production and likely a mining company would want to buy us out because it would prove more profitable in the long run. Worst case scenario we see a few hundred percent gain based on something Deller has a hand in. I personally feel we will see this sold and we get our 1000%+ gain for the risk we are taking. All IMHO. Do your own DD and read what I write, take it with a grain of salt.
Thanks for the input FrankVD!! GLTA