Rallies?
PPS was .15 - .30 from 2005 - 2008, and has since fallen to the current level as SmartWin (funding) and Hunt (drilling) fell apart.
There have been some short term bounces in the process, due to EEGC PRs which so far have not played out: Mr. Bendall's $50M LOC to be devoted to the cause (sure, it is 'his business,' but it was part of an EEGC PR); RO to raise money for drilling; Sure Capital financing; and Grand Monarch Holdings (twice, for that one).
But most posters are here for the long term - even the 'bashers' -- and so short term rallies are irrelevant.
'Show me the money' (in the EEGC bank acount). Stock will jump. Actually drill, some more; and strike oil, much more.
But, need to start with cash to buy the rig and pay the crew. So far, not here. We are two months from EEGC's most recent projected drilling start, 8.0 months from Bellevue lease expiration -- and silence.
Other than the published opportunity to sell $3M of medical waste technology to Africa, and to provide EEGC affinity credit cards, both subjects of recent PRS. Folks, no meaningful dollars for EEGC in either activity, what is the point of even discussing?
Other than to distract attention from the failure to capitalize on the $3B (per Mr. Bendall) opportunity
Hopefully, better news tomorrow.
AI
