Eagle Hill Exploration Corporation

Targeting 1 million oz in mining/exploration-friendly Quebec High-grade & bulk tonnage Gold @ Windfall Property, Val d´Or: The ´Lost Treasure´ of Noront !
in response to durban1's message

Why?
Yes share price is very low but do what is appropriate to protect share price and investor's value.
Consolidation is an admission imo of management that they have lost control of managing the company.
It only serves the managment to continue on the same path.

They are not entirely to blame, the world economy has a lot to do with it. But why consolidate now? Consolidate when circumstances are more favourable, I mean world economy wise.

If we consolidate now the sp will go from 2 to 40 cents (20:1) but I expect that soon after that it will drop to 20 cents and probably stay in that range. That is protecting investor's value? Nothing of the kind.

The company has a good gold resource and sooner or later precious metals are sure to return to proper valueations and for a time well above. That is the time to consolidate if absolutely needed.

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Edgy
City
southern Ontario (often in Europe)
Rank
President
Activity Points
37538
Rating
Your Rating
Date Joined
07/20/2006
Social Links
Private Message
Eagle Hill Exploration Corporation
Symbol
EAG
Exchange
TSX-V
Shares
32,138,209(FD) JAN 2015
Industry
Metals & Minerals
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