ECUADOR GOLD AND COPPER CORP V.EGX

Gold about $1200 tonight hovering around $1207

[Viper31]

if there is a buyout after March 4th and Gold is at this level or higher we will all make money. Higher the Gold Price Equals Higher Buyout.

[SK0009]

I wish that happens. So we can make money & get out.

[Viper31]

Gold is on fire again this morning. $1227 last time I checked

[SK0009]

That's great for gold miners but not sure if this price can help EGX or not. It is not going to help this junk company. Not being negative here & my money is stuck here but can't ignor reality. Yesterday someone sold in frustration. .. if this going to help EGX, we would have seen some buying but unfortunately nobody is looking at this junk & selling it in frustration.

[nightcrawler000]

People may be selling, but it may not be solely due to frustration in this stock. They just need their money as they are most likely trying to take advantage of other opportunities for quicker profit. I'm sure they also realize that they can get back in on this trade at roughly the same price they sell at today. It's not a bad option if you think about how much gold has gone up the past

[BrendanC]

Agreed... When your comparing companies... you should use companies similar to EGX!!!!  Firstly, there are none as they likely went under and folded up shop due to lack of funding as most exploration companies have. Our head might be barely above water but I think DELLER is the lifering keeping us from drowning till the market recovers, as it now is. One thing you guys arent taking into

[SK0009]

Gold is back @1196 as I write.

[BrendanC]

 Thanks Sk0009, I am sure that most on this board havent been following the gold price and appreciate you keeping us all up-to-date on the lastest prices that pertain to EGX. Gold is slumped today but it still up over $110 in the past month as I write.

[riskmanager]

As i write gold is around 1212$, Geezz SK009, can you just share something good here. EGX is a junior company, let Heye do is job. You don't built a junior in 1-2 years. It takes time and yes its risky.  Anyways GLTA Better days ahead! RM

[SK0009]

I agree with you that we should give some time to new management but the question is do they have that much time or money? Currently they they are surviving on borrowed money but how long?

[nightcrawler000]

You give them at least until the end of March to let them show their plan with consolidation. Don't forget they also have a booth at PDAC to present at the beginning of March. If things still look bad to you after that you can sell me your shares.