Eagle Plains Resources Ltd V.EPL

TGC deal done

[NineLives]

In April that works out to almost another $5 mill coming EPL's way for their holdings in TGC.
Be great to see EPL spend at least 50% of that cash on virgin exploration.

[HornbyBay]

Half for virgin exploration?  Sorry, I don't agree. I would prefer for Eagle Plains to stick to its Project Generator business model.  Under that model, the $5M should be sufficient for years before another raise in the financial markets- especially with steady payments comping in from option agreements and TerraLogic income.  Let's not become another junior that pisses

[NineLives]

Sorry I disagree with your post. They already have close to $5 million in the bank they don't need $10 million sitting there. Spend $2.5 million, they have a good idea which claims to sink the funds into. Plus Terralogic gets the exploration dollars so it's win win. Let's bring a little blue sky back into the share price. Spend $2.5 and sit on the $7.5 mill.

[HornbyBay]

Most invstors in Eagle Plains are here for the Project Generator Business Model.  If we wanted a junior which raises money for expensive and risky drill campaigns, we would invest in one of the hundreds which employ that conventional business model. Look at EPL's website.  That's why I invested many years ago. Disclosure - I own shares of EPl, just my opinions, not investment

[NineLives]

Then don't complain about the share price not moving ! They can do both, they have the expertise and the cash.