RE:EGR ..... Hey Big Spender !!!Iseneschal wrote: Somebody bot a "block" of EGR....31,000 shares....wow.....Did you break the "Piggy Bank" open and cash in your nickels & dimes????
Just building a position as i can get cheap shares. I have a little over 1.5% of the float now. Companies like this going through management squabbles but with assets in a good neighborhood (next to Detour and Wallbridge) are one of my interests.
I also see today that EGR Exploration cleaned up their balance sheet. This is the former Gambier Gold that terminated former management back in March and is rebooting the company. Their claims are next to Detour and Wallbridge. They also consolidated down to 16 million shares and at the current $.05 ask the market cap is only about $800k. Exploration by former management turned up nothing, but they are in a good neighborhod and perhaps the new team can do better. They will need to raise money but from the current low base it will still be cheap until some good news appears. The 52 week high was $.31 and I think the new CEO made an OK deal on getting rid of his largest creditor - gives the company a shot at least. Very highly speculative so do your own DD. GLTA Doug