ECUADOR GOLD AND COPPER CORP V.EGX

Today's Trading

[Goldenrules]

I see our anonymous friend is back today. Like most of the trading in this stock for the past few months, these trades appear to be swaps of some type designed to shake out weak hands. Although anonymous could be anyone, it seems pretty coordinated and like so many of the TD trades, they seem to go from the left hand to the right hand.

I agree with jjwilson who pointed out we are just along for the ride on this one, but that’s okay because there are a lot of juniors out there that have essentially given up. It’s because of Deller that we have a serious chance here.

I am just as excited about this play as ever, for several reasons other than the obvious ones. Most important to me is that Deller and Laing are desperate to sell. Laing has the experience to take this to production if it came to that, but neither he nor Deller want that. Their goal was always to sell the thing as soon as possible. Almost every other junior mining exec I know seems content to sit back and wait for gold to hit new highs before they go looking for buyers, so EGX may not sell for a premium price, but when it does sell, there will probably still be some great bargains to buy with the profits, which fits my 5 year plan.

Another thing I like is Glenn Laing’s well-earned reputation for hating consolidation, which I also dislike as in this market all it does is lower a stock’s trading range. Laing will never agree to this having fought it with other companies.

I did hear indirectly from a geologist who is very familiar with the property who apparently claimed that these deposits are much bigger than current drilling indicates. This was repeated to me by someone I trust. The exact quote was "EGX has barely scratched the surface." I've alwaysfelt this way and would love to see more drilling done.

I’m still guessing they are either negotiating or at least in discussions. If Deller (not Laing) agrees to a press release then we may hear something in the next few days or weeks, but if they consider it counterproductive to negotiations, we will just have to be patient.

EGX is trading just like most of the other explorers out there, probably better than many as there are several with great properties that haven’t seen a bid in months. There are a few exceptions like Claude Resources (good fundamentals) and Hudson Resources (good PEA), but most seem to be hibernating.

Today’s trading for what it’s worth:

Trades for C:EGX on 20150408 - 20 trades displayed

Time ET	Ex	Price	Change	Volume	Buyer	Seller	Markers
15:59:37	V	0.04	-0.005	3,000	1 Anonymous	1 Anonymous	K
15:59:37	V	0.04	-0.005	15,000	1 Anonymous	1 Anonymous	K
15:59:37	V	0.04	-0.005	12,000	1 Anonymous	1 Anonymous	K
15:59:35	V	0.04	-0.005	3,000	1 Anonymous	1 Anonymous	K
15:59:35	V	0.04	-0.005	15,000	1 Anonymous	1 Anonymous	K
15:59:35	V	0.04	-0.005	15,000	1 Anonymous	1 Anonymous	K
15:59:35	V	0.04	-0.005	15,000	1 Anonymous	1 Anonymous	K
15:59:35	V	0.04	-0.005	10,000	1 Anonymous	1 Anonymous	K
15:59:35	V	0.04	-0.005	2,000	1 Anonymous	1 Anonymous	K
15:59:00	V	0.04	-0.005	13,000	1 Anonymous	1 Anonymous	K
15:59:00	V	0.04	-0.005	1,000	1 Anonymous	1 Anonymous	K
15:54:26	V	0.04	-0.005	14,000	1 Anonymous	1 Anonymous	K
15:54:26	V	0.04	-0.005	4,000	1 Anonymous	1 Anonymous	K
15:54:20	V	0.04	-0.005	6,000	1 Anonymous	1 Anonymous	K
15:54:20	V	0.04	-0.005	9,000	1 Anonymous	1 Anonymous	K
15:36:52	V	0.04	-0.005	6,000	1 Anonymous	1 Anonymous	K
15:36:52	V	0.04	-0.005	10,000	1 Anonymous	1 Anonymous	K
15:36:52	V	0.04	-0.005	14,000	1 Anonymous	1 Anonymous	K
15:19:00	V	0.04	-0.005	1,000	1 Anonymous	1 Anonymous	K
09:30:00	V	0.045		5,000	80 National Bank	1 Anonymous	KL

[BlindRoad]

Hi Goldenrules when you say that Glenn is desperate to sell you are refering to what ? I would like to have your opinion on it cause me as a little shareholder i don't have any clues that Glenn is promoting EGX. I read a lot of article since the past 2 years about ecuador... about the news law... about the pdac and i don't see EGX anywhere. I saw lundin's brother , odin mining inv

[Goldenrules]

I've noticed that as well. I still think it has to do with the way Dekker does business. It seems he is in control of a lot of the decisions. By desperate, I mean they have been planning to sell thing project as soon as they could, I guess hoping the PEA would be enough. They stated this openly at the beginning and IR made it very clear that they did not want to develop this property. That was

[BlindRoad]

br /> I just received a mail from Cathy about some question i had. Here a part of the message : Hello Jerome: I am well thanks very much. On the PDAC question, it is not automatic to get to do a presentation at PDAC because there are over 500 companies renting booths so the selection is rather vast. No one from EGX was available to attend the conference. In addition, it costs money to present

[Goldenrules]

No Glenn was not at the PDAC. I  spent a lot of time with his friends who had a booth where he was expected to be, but for some reason he didn’t show. I found out about the upcoming news release from Cathy who was also there. We spent quite a bit of time talking as well,  and I wasn’t sure whether the news, she had received from Glenn (about the NR) was told to me in confidence so I didn

[Ticalian36]

There is no excuse not to be at PDAC for Ecuador day! None! 

[fleamarket]

EXACTLY

[BlindRoad]

br /> I just received a mail from Cathy about some question i had. Here a part of the message : Hello Jerome: I am well thanks very much. On the PDAC question, it is not automatic to get to do a presentation at PDAC because there are over 500 companies renting booths so the selection is rather vast. No one from EGX was available to attend the conference. In addition, it costs money to present

[BlindRoad]

sorry for the copy