ECUADOR GOLD AND COPPER CORP V.EGX

wondering

[fleamarket]

if it will hit 5.5¢ again or just try to go straight up.

[BrendanC]

I dont suspect we will go up this early in the month but it is possible. I think the 200+k bought was whatever Christmas money was left in the piggy bank after holiday spending. Not that it would be a bad thing as investors may want to start off the new year with a great play like EGX. I would like to see my bid get filled first before takeoff but i will live if it doesnt. LVL 2 would help here

[nightcrawler000]

Brendan C, as you are the most positive person on this message board more often than not, I am noticing that your enthusiasm is waning slightly. First you mention that this PEA process could go into February and now you're speculating that a move up may not happen for a few more week (ie. not early this month). Any reason for your tempered enthusiasm?

[BrendanC]

    Not at all !!   As for PEA release...  The engineering firm said that it would be completed by the end of January. That does not mean that EGX will receive it and release by that date. If the firm finishes say by January 28th, it is leading into the weekend and may be on February 1st. I'm just simply stating this as a heads up so that we dont have the usual bashers

[BrendanC]

Toronto, Ontario--(Newsfile Corp. - December 8, 2014) - Ecuador Gold & Copper Corp. (TSXV: EGX), (the "Company"or "EGX") announces that the Company's Consulting Engineers, GBM Minerals Engineering Consultants Limited ("GBM") who are currently undertaking, through Resource Development Inc, ("RDI") of Denver Colorado, the additional metallurgical

[Goldenrules]

The lawyers claim they will need a month. So once we know it is in the hands of the lawyers, we know the PEA will be released within a month, assuming there are no legal issues. IR can let us know if and when the lawyers have the report.

[BrendanC]

News to me...  Did this information as far as Lawyers are concerned come from IR? Just curious.. Thanks Golden.

[Goldenrules]

Yes. IR mentioned it last month. I haven't spoken with them for a few weeks, so it may be in the hands of the lawyers now. It is one way of knowing for sure when the PEA will be released.

[BrendanC]

I may contact them as well on this. Or im confused, do you mean that its the engineering firms Lawyers or EGX's? Engineering firm makes sense..  If its EGX's Lawyers then I would have a whole bag of questions for IR.     IR told me they were shopping it around as soon as Glenn had a chance to go over it and it was actually in his hands. I can't imagine that they can

[Goldenrules]

Brendan, my understanding is that EGX's lawyers will need to go through the PEA. IR should be able to answer any questions about that. Despite GL's misteps, the timing could end up being pretty good as Jan-March are, as you've said, the exciting months for gold and by then, we may know more about the mining laws. If worst comes to worst,(for those trying to time their trading) the PEA

[BrendanC]

Thanks for the insight Golden...  If your correct and they will need it for 3-4 weeks after the firm completes it, we could be looking at late February. Which, bashers may bash, is not a delay as EGX's only stated the firms completion date. I am going to give Jeanny a call to get more information on the steps EGX will be taking once the PEA is complete by the firm. 

[Goldenrules]

Yes, the most important thing is that the lab has committed to the end of January. This means their work will be done and they've been paid. I don't think anyone is expecting any surprises from legal.

[nightcrawler000]

Thank you for taking the time to respond. I'm keeping my fingers crossed for a very positive January (or maybe early February!)

[BrendanC]

My pleasure! Maybe I should have included that in my first email this morning but too busy getting coffee... haha. Cheers!