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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.


CSE:EOM - Post by User

Bullboard Posts
Comment by GoldenOrbon Dec 13, 2017 6:05pm
125 Views
Post# 27151477

RE:RE:83 questions

RE:RE:83 questions            You make it sound like the tunnel is something more recent, but that tunnel (which a Raymond James analyst took photos of back in 2012+-) goes WAY back long before the Paramo issue surfaced.
            The tunnel was under construction when Ike Batista was intent on buying EOM.  The tunnel was well under construction & AUX had technicians exploring EOM land in 2012-13.  Possibly before that.  So for you to somehow misrepresent the actual timing of the tunnel construction points out that you are misinformed.  Ike (without doubt) received permission to construct the tunnel from Eco Oro & also to do a survey of the corner of EOM's concession that suited construction of mill. 
              If you recall Ike had every intention of buying EOM until Amber crossed him & tried to buy Galway in a hostile take-over, which by the way went nowhere due to closely held share structure of Family/Friends 60% ownership.
              This strained the relationship between Eco Oro (Amber particularly) &
Ike.  Of course we all know the fate of Batista & the deal for Eco Oro with Colombia instituting the Paramo/Park to ruin the deal gone bad between Ike & Eco Oro.  Colombia had inside payola arrangements with Ike.  Eco Oro suffered severe consequences for double crossing their man (Ike).
                The price?:      NO open pit, Paramo delineations, Eco Concessions shrinking, forced underground mine plan reducing 15 million ozs. down to 3.2 million ozs. and counting now less & less!!  All after spending over $300 million + to date.         
                 So the tunnel has been there & permission was given long ago under the Ike buy-out period.  The situation is the same for Minesa as it was for AUX, they have NO flat land to build a milling operation.  The tunnel was meant to rectify that & foster the buyout for Eco Oro as well.
                 


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