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Bullboard - Stock Discussion Forum Eagle Mountain Gold Corp EMGCF

OTCQX:EMGCF - Post Discussion

Eagle Mountain Gold Corp > Theft and Looting?
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Post by Stockpick2018 on May 28, 2019 10:01am

Theft and Looting?

I just read the  news today reagarding an arm's length joint venture between Z and IncoR. The partner can earns an 80% interst in the bongara project by incuring a measly $3.7 million dollars over the next 3 years.

Z is also making a rights offering at 0.02 per share. I feel the current shareholders are being screw big time. I'm not a shareholder but I have kept Z on my radar for almost a year.
Comment by SilverKnight on May 28, 2019 2:13pm
I've also been watching this stock for some time.  I was always weary of management and that the mineralization is oxidized.  Looks like shareholders are being wiped out here.  InCoR can obtain a controlling 51% interest by spending just $1.25M on the project??!  They don't even have to pay that to Zinc One, just into the JV.   And they don't even need ...more  
Comment by Tomsson on May 28, 2019 3:46pm
Wow! I have never seen rights not trade on an exchange before and held hostage for free to another company if they are not exercised by current shareholders. Shareholders would be better off with a new board and paying 3 cents per share to keep the company going and shop for a better deal while doing some more drilling. Dont accept this deal shareholders !!!!! Either fight or leave Trevali is .30 ...more  
Comment by Bookends on Jun 02, 2019 10:32pm
I'm all for it... But how so you sugest we go about doing that?? Keep in mind how the OSC just let InCoR and Sentient RAPE shareholders of LEADFX just a few months ago. https://www.osc.gov.on.ca/en/Proceedings_rad_20181031_pearsonm.htm https://business.financialpost.com/news/fp-street/leadfxs-going-private-deal-is-an-opportunity-for-regulators-to-get-serious-about-shareholder-rights
Comment by RockLobster1 on Jun 12, 2019 8:11pm
In the article above by Barry Critchley...  I was the one that brought the Frontier Rare Earths consolidation to his attention.  He wrote an article about it and I complained to the OSC.  Amazingly the OSC told them to stop the proposal - which was to consolidate the shares by 9 million to 1 , with the 5 holders with over the 9 million to own the company, everyone else gets a small ...more  
Comment by Bookends on Jun 16, 2019 1:08am
Was InCoR also involved with Frontier Rare Earths?? From my past experience, any involvement with InCoR is pretty much the kiss of death for any stock... A slow bleed until you are so far in the red that they can do whatever and get away with it. What's especially frustrating here is that our Bongara property is still pretty valuable... There is no point in giving it away! What' ...more  
Comment by Bookends on Jun 16, 2019 1:11am
Oh and add RIO to our list of scumbag board members to avoid!