ECUADOR GOLD AND COPPER CORP V.EGX

Debenture Offering

[mastiff33]

I'm just wondering if new Debenture Offering was already approved by TSX Venture Exchange? Perhaps that's the reason why we are not moving anywhere until this Debenture Offering is approved. Any thoughts? I have been holding this stock since May as well. GLTA!

[BrendanC]

Hard telling Mastiff, Glenn may have started it on the off chance the PEA wasnt great or the offers werent what he wanted incase he needed the $$ to drill the copper strike length. He may have paused it or cancelled it or just be waiting to see what happens over the next weeks. GL

[CREAMSHOW]

I don't mind holding this thing until somebody buys it but the timing of the debenture tells the bear in me the PEA is bad and it's back to the drill. Ironically enough the bull in me wants to double down for the ride  :) GLTA

[BrendanC]

      The debenture does not in any way mean the PEA is bad. They applied for it on January 14th, before the PEA was complete.      The PEA is likely ok if Glenn is oversees. My guess is that they got the debenture to drill the second strike regardless of the PEA and do a quick updated PEA when they get the drill results back, incase they do not get the quick sale