Eagle Hill Exploration Corporation V.EAG

Dundee selling link as stockhouse ad covered post

[walnor22]

https://web.tmxmoney.com/quote.php?qm_symbol=EAG#

[gold_Gold_GOLD]

that could be anyone with a Dundee account.  Wait and see if it shows up on the insider trading activity. https://canadianinsider.com/

[tomgranite]

Exactly, only 7,500 shares traded is obviously a client. It will be interesting to see how they do the next financing. Should be due soon in order to get a drill program going.

[gold_Gold_GOLD]

As for drilling.  I hope drilling will focus on depth and extensions to add ounces.  Spending millions of dollars Infill drilling to move ounces from infered will NOT add value at this point.  They need to get more ounces to get some value here now.  Larger companies that might want to take a run at EAG have a threshhold for ounces.  And this is not good enough.

[tomgranite]

Jean Phillipe seemed very interested in the deposit below Red Dog. It was rich and much bigger than Zone 27. My guess is that this will get some attention. However, they might then change their mind and sink a shaft to mine it which will increase the capex. I've asked how much of the $30mil has been ear-marked for drilling but not received an answer yet. Rhylin did tell me that once the PFS is

[LGreen]

Hi Tom, RB just responds to your questions on the company website Q&A. They will need more financing soon. How are they going to be able to raise $30 million in this market condition? 

[tomgranite]

Market Cap is around $7mil so raising $30mil will be horrible dilution. I thought they might do it in stages, but sounds like they will do a decent chunk straight away. Best chance for cash is Dundee, I can't see them walking away from this after all they have gone through. Madfatter and Maxt have gone quiet!!!

[CanWllSttJr]

you cant see them walking away... they will not commit much more if gold market doesnt show up some strong upward movement very soon.. theyll walk away before losing too much. When your reason to invest more is because your too commited, well its time to sit and think before making that next move.

[philway]

And why would anyone wait ANOTHER year and a half for a PEA, when there are 200 companies right now with much more going trading at a fraction of this price, when many financings and dilution will continue here? 5 more years to wait here and any idiot talk of shaft being sunk is just pumper noise.