Energold Drilling Corp EGDFF

Well I dipped my toe in again

[hawk_]

Worked out OK couple month back. MDI has cash and good management, EGD has all those IPT shares. Got to be an opportunist lurking?

[NineLives]

Can’t see it happening Hawk! MDI’s burn rate is huge and they have been suffering through large losses too. What this industry needs to do is start raising prices. That is also a problem as Juniors won’t be able to afford them. So the only route at this time is to slim way down and let demand dictate the price. JMHO. EGD had a great niche industry going with mobile rigs but a whole bunch of bad

[hawk_]

Have to agree Nine. Position taken on a whim. Closed it out. EGD is not finished but it will be a long wait.

[hawk_]

Have to stay honest. Just bought a whack for a retirement account. Don't expect much in the short run but clearly the underlying assets here have potential, just as they always did. The winds of change seem to be blowing. Don't get me wrong this is a shot in the dark but even a blind man can notice a wiggling live target. Cheers hawk.

[NineLives]

Hawk I’m holding my tongue here & cheek. Hope your retirement is a long way away !! This company that hasn’t produced a profit since who knows when has to find $25 million to satisfy their creditors. I can only see about $8 million surfacing. And the rest will come from where ???? EPL.V is a better buy if you’re looking for a long distant runner at a low price. JMHO. GL.....