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Bullboard - Stock Discussion Forum ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."

TSXV:EGX - Post Discussion

ECUADOR GOLD AND COPPER CORP > Odin valuation
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Post by cordillon on Aug 04, 2016 9:40am

Odin valuation

From what I can see Odin is neither worth very much, nor does it have much of a cash flow. It borrowed 1mm recently and has done no work in the past two years. Something fishy about this deal!
Comment by Solidsnake10 on Aug 04, 2016 9:48am
They did some drilling back in Q1 2015 and then acquired some land in late 2015. Otherwise yeah not much going on there.
Comment by riskmanager on Aug 04, 2016 9:59am
not many junior has drilled during the bear market. Why spend money when its not worthed. Follow the money. Odin worths that much because investor follow the the money, and the money is Ross Beaty. Anyways, in better hand right now with Odin than before. We will get aroud 0,88 share of ODN for 1 share of EGX. So with an average in the last 20 trading session of ODN (0,75$), i'm not selling my ...more