RE:RE:Hopefully we get some news this week Because Met testwork is coming and PEA review before year end.
Heye knows exactly what to do. Have you seen any insider sells his shares? More than 65% of the company is owns by insiders and investor like Aura (michel Deller).
In my opinion its a great opportunity at this level of price, what's the risk honestly. 0,015$, the only way the SP can go is higher. When everybody is selling Gold and junior like EGX, i'm a buyer. Michel Deller just put an other 1,063,000$ in EGX, i don't think it was for nothing. Ecuador will become an attractive mining country sooner than later. Lundin will sign an agreement before year end and i'm pretty sure money will flow after.
It's my opinion, but after more than 2 years as an investor in EGX, i' m more than confident in thsi investment and i'm pretty sure better days is coming. At the end, i am lucky to buy shares at 0,015$ because there is no way this company worths only 3M$ with this kind of resources. Its all because of the perception, the grade and the balance sheet. As soon as they settle the balance sheet, they increase either the resources or the grade and the perception that ecuador is a bad country, trust me this company will fly. Don't forget that gold is not heading in the good direction for now, but we all know that its a matter of time.
Its only my opinion. I did my dd especially by reading article and talking with heye (email and phone).
GLTA
RM