Post by
RLeStage on Mar 09, 2010 2:09pm
Trading Halt
I called the following number at Encore:
Encore Renaissance Resources Corp.
Michael Mulberry
President and Director
778-994-6453
A fellow by the name of John answered as Micheal was not in at the moment.
Asked when they expect EZ to be trading again and John replied that they have 10 days to file the necessary documents and statements. Apparently the accountants are working full steam ahead to resolve this issue and get back trading.
John also told me that the daily operation of the mine is still in progress and that the halt does not affect the daily operations of the mine. They expect to have the required tonnage at Kinross' facility by the first week of April. Then however long it takes Kinross to report the grades.
Once EZ is trading again, they expect that the share price may take a bit more of a hit as disgruntled investors unload.
I am not trying to bash nor promote, just stating facts based upon my conversation with this fellow at EZ.
Comment by
Vanhope on Mar 09, 2010 2:13pm
Thank you.I can live with that short time. I hope that's all.Vanhope
Comment by
HotSnot on Mar 09, 2010 2:27pm
This cease trade order is most unexpected. I`m disappointed. Its not the end of the world or anything but I expected better. This is definitly a point to keep in mind next time we have a vote on managements options for 2010. You can`t seriously expect to be compensated like top dogs when you allow things like this to occur. This isn`t wall street.
Comment by
Vanhope on Mar 09, 2010 2:39pm
You are absolutely right. I expect the price to tumble when trading resumes. I'll be there buying more because the story still pans out.Vanhope