RE:RE:RE:RE:RE:RE:I noticed on the MD & A released Feb 26th said.. Tomorrow is day 40 as per the Regs I posted last week. That means he has till this Friday to release the PEA, legally. I highly doubt he will go past this Friday but, if he does, I think there will be some calls made, myself included. I think we have big news coming... but all IMHO. Ecuador are in the works right now to further change the mining laws making it better for investors. What once was 50% or so now sits at about 25% (After they recoup investments) and again may see even better changes in favour of investors and mning companies. I cant imagin anyone passing up a site like EGX. yes, it may be costly to set up the initial leach plant but, minus expeses, its all profit until invesment is paid off. Im reading more and more about Lundins FDN deal and how "shocking" of a deal Lundin got for FDN and I wouldnt be surprised if they DIDNT set the presidence and we see a little more than we expected for EGX. Yes, Gold is down to about $1200, lower than we wanted but oil is well going to make up for it. My DD last year was when oil was still at $75++ last year. Diesel was around .97/gallon then. Not to mention that Ecuador have began building their own refinery in order to cut out the U.S (where they are sending oil to and buying it back) and will even cheapen prices. All in all, Im still bulliish here and suspect we get word this week, before the deadline. Remember, Glenn didnt release the transaction date until the exact last legal day he had to file it with the SEC. For whatever reason, he likes "nail biters".
GLTA and hoping for some news this week! Do your DD.