just got a reply
Re: Investor question
Date:Tuesday, January 02, 2007 8:23:50 AM
[View Source]
Mr. xxxx,
Thank you for your email. We are glad that the holidays are done and now our
Company can truly head into 2007 on a more positive note.
The Company had to endure various setbacks throughout 2006 in relation to its
share price. Of course, EAGM is well aware that it was due to many ongoing
issues. There were many shareholders that sold their shares at the end of year
at a loss. Then, when the price starts to climb, the shareholders that purchased
at these low prices are always more than willing to sell off at a small gain,
which will cause resistance when our PPS is trying to break through these
barriers.
There was also the matter of how our PPS has most definately suffered from
unusual and illegal trading activity over several months. As mentioned in
previous emails and releases, this is something that our Company is working on
to resolve and eliminate. Although, the Company has noticed that this is still
quite difficult to fully eliminate on the Pink Sheets based on its discussions
with various legal, corporate and government entities.
You inquired as to future PR's and what stage the Company is in, whether its
processing or simply acquiring. The public will be receiving information now
that we have passed the holidays pertaining to the Los Mates project. The
Company believes that this project will be the one that brings EAGM (and
shareholders) the fastest return and may very well be the turning point of our
operations. The other two properties (Alacran and Alacran-Scorpio) are still
being fully studied in depth in order to determine more precise reserves and
findings, in order to set up all necessary mining and drilling schedules.
The Company always has its eyes open to other opportunities, but, at the current
time is very content with its properties and feels that it is best to
concentrate fully on these properties and turn things around in the quickest and
best way possible for everyone including the shareholders.
The Company has been counting on the expertise of Mr. Mario Monroy as EAGM's Geologist and Geophysics Mining Executive. He is in
charge of the Los Mates project and has produced various technical reports and
geologic findings over the past month. We have indicated this to our
shareholders in the past, but, the one issue that prolounges the release of
technical data is the fact that all reports are produced initially in Spanish.
The translation from Spanish to English for such technical and geologic findings
is not as simple as translating "normal" spanish to english words, since the
reports are extremely technical and contain many words that don't appear in
regular speach. As such, the Company is finalizing this information in order to
release to our shareholders.
2007 will bring additional investigations into other exchanges such as the
Frankfurt or Toronto Stock Exchange, further exploration of our current
properties, geologic findings, drilling schedules, mining, extraction,
production, as well as other potential acquisitions throughout South America.
We thank you for your email and for your patience during certain moments.
Management
---------- Original Message ----------------------------------
From: xxxxxxxxxx@comcast.net
Date: Wed, 27 Dec 2006 19:41:36 +0000
>Just a quick note to wish you all a happy and prosperous 2007.
>I am looking forward to having a very good year as an investor in eagm.
>I understand the lack of pr releases as the year ends and was wondering how
soon into the new year I should be expecting to see a release?Also has eagm
reached the processing stage yet or are you still working on acquisitions?
>Thank You
AI
