RE:RE:We could see the NR on the results of the Well, it goes like this... EGX, like everyone else, has hoops to jump through and tests to run with little or no income. Well, as it goes for exploration companies.... I'm still very Bullish here on EGX. Great resources estimates in a great country to mine. If Barrick buys up high volume low grade in the staes, where it is way more expensive to mine, there is a very good chance that someone is interested in EGX. Deller has an inside track on EGX that we dont and is still pouring money into it. Everyone is waiting to see Ecuadors laws SET IN STONE!! We know roughly what they are but it isnt over till its "inked". They take a long time to do things down there. EGX are on a time line... once the PEA is done, they only have so much time to begin mining or else they have hoops to jump back through. One F*up on EGX's part and they could lose rights. We don't want to have screw ups at this point. I have not been following much news out of Ecuador lately. I've been riding some cheap oil companies but if I really didn't think EGX was safe money, I would have been gone long ago. With that being said, I have no intentions of investing more into EGX until Laing shows me the money and releases so info for us to ride up some bids on. EGX was broke and then some a few weeks ago. They needed the PP and debenture offering to Deller to pay for the MET work in December and then PEA in January. I assume they used that cash to pay the MET work and PEA as cash on hand and the recent PP for the work being done right now. That SHOULD cover any and all costs assosicated with EGX test work. Again, we should see something in the days to come on the results and forward statement on the PEA. Maybe some news on who, what, when, how and why would be nice?!?!? All IMHO.
B