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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 Apr 02, 2015 12:43pm
101 Views
Post# 23592016

RE:RE:Brendan...

RE:RE:Brendan...Regardless of what I say, do your own DD and if you think mngmt arent doing right by you then that should be the first indicator that you need to sell and move on to another, less risky stock like goldstrike...  

My opinion is that they should have released the PEA and updated but for whatever reason, they didnt. 

The site optimization is a step in the right direction. As I previously wrote on here, I did a scenario for porfitablility on whether or not they would choose to go with the 86% gold recovery with 64% copper or the optimized 80% gold and 80% Copper. By the MD&A, they have obviously chosen to go with the 80% / 80%, which in my estimates previously posted showing our resource value, proved to be the better of the two. I will repost it if I can find it. So they chose the right path in going with improved Cu and now trying to better the actually process and position of the processing facility. All good in my book and will add value. If you don't like my opinions, your right to refute and/or ignore. My rule of thumb is, if I dont like the management team, im not going to stick around. I have done a lot of DD on Glenn, and posted almost all of it in the past, and he has no history of a sale where sharehlders lost out. When he released news of offerings to exsisting shareholder, he did not sound as though he was going to screw us over and if he wanted to, he could have just got all the money needed from deller instead of offering a few hundered thousand dollars worth to us. Again, all IMHO and I have not seen any sign of a mutiny by Deller or Glenn so, until then....
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