ECUADOR GOLD AND COPPER CORP V.EGX

could

[fleamarket]

even see .07-.09 today?

[Solidsnake10]

in your dreams maybe... Good news none the less. Not good enough to see 0.09.

[BrendanC]

.09 would be 100% gain! Not likely today. I would take .06 and a strong support on interest from more investors and maybe some institutional buying over .09 anyway. .09 only to slip back to .06 would be pretty frustrating.  I see a small bid at .045 that will get chewed right out of the gate.  And Deller got his shares at .05.... lol. They know what they are doing, you have to hand it to

[Solidsnake10]

With no real news report we won't see the volume needed to push through 0.05 and 0.06. It's going to be a long and silent wait for June... hopefully to something that isn't another delay.

[BrendanC]

I agree that we need volume although, MD&A is a real news release. Its as formal of a statement that a company can make as a document. As I said before, When we get news like this, Glenn is not long releasing interviews on such information, forward looking info and outlook for the company. He could not to the interviews and PR's, at the earliest, today. Perhaps he is getting powder on his

[Solidsnake10]

Yeah fair enough. It is news. I guess i meant a public press release. Something that shows up on places beside Sedar. Something that the general public would have an easier time finding. I think we finish at 0.05 today. 

[BrendanC]

I agree...   I, to the best of my knowledge, believe we are the first to reveal the new taxation from the country. It would be really exciting if he did something as early as today for a release tonight or tomorrow.

[cucaracha]

what does matter is what's in the ground and how much does it cost to get it out. until we get a good estimate (PEA) , tax law are irrelevant. Hope to hear something soon and not in 3 months.

[Solidsnake10]

Doesn't matter whats in the ground or how much it costs to take it out if the tax law states 99% of everything mined is owed to Ecuador's government. Your statement is beyond silly. Good luck finding a company to mine the land if the tax rate was 99%... so knowing the tax rate is relavent.

[cucaracha]

of course everything matter :gold price, fuel cost , tax rate, temperature, etc.....but the most important isn't it the ressources and we're just not sure what's out there. ''beyond silly'' seems pretty harsh when you look at the market reaction today. we are all frustated but be realistic.

[BrendanC]

Tax laws is about 90% relevant to anything else the company could produce right now. EGX just went from costing them about 25-30% of $15,000,000,000 which is $3.75 billion dollars. Now we only take 5% (plus yearly fees) of $750,000,000.  I am no genius by any means, but I do consider myself knowledgable and very good at wrapping my head around the workings of a companies shareprice and I can

[BrendanC]

[cucaracha]

you are right, .045 got chewed !