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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (49240)9/19/2007 4:45:44 PM
From: Amark$p  Read Replies (2) of 78419
 
Added a smidgen to EPM.to today... Waiting to see that large cross by 9/21 for those 3M Canaccord warrants. Looking to add more once those warrants get exercised whether EPM stock price is higher or lower...

Charlemagne adding 800+K shares to their position, increases my confidence. When I attended AGM in London 15 months ago, and asked about Charlemagne, EPM responded that Charlemagne generally was calling them at least once each week to discuss progress. So with Charlemagne increasing their stake a bit, would assume there are no problems/issues at Varvarinskoye.

"Charlemagne Capital (IOM) Limited now hold in aggregate 36,487,775 common shares" on 9/12/07. Charlemagne Capital reported holding 35,618,275 shares on 5/24/07.

EPM will be presenting at Denver Gold on Monday 9/24 @ 11:40AM. So progress report likely then. denvergold.org

EPM is still not a slam dunk. Getting the Varvarinskoye mine commissioned and producing per mine plan will be challenging, especially considering the winter temps at -30 degrees below zero. Just look at GAM for what happens to a gold stock that does not have a smooth mine commissioning... Hopefully EPM will have smooth comissioning like AGI. With EPM trading at under 3 times cash flow, and me being a long term investor willing to accept normal commissioning problems, EPM is a buy at this price.
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