Ascot Resources Ltd AOTVF

On Deck : Newmont Newcrest marriage d-line approaches

[Whampoa]

Odd that AOT stuck in this 0.62 to 0.72 range since NEM proposal for Newcrest?
Coincidence?

[buygoldbug]

Obviously I was to early in my moonshot call as we are still stuck in this range but I'm certain we are going very high very soon still. The more it gets pressed the more it will pop. Hopefully no offers before we pop!

[wildhorse65]

Love your enthusiasm! But, without a new and current 43-101 there is no reason for this to "pop". It's the same old same old. Since 2020 we have had a number of very high grade discoveries and many proven expansions. We have done millions of dollars worth of infill drilling. The life of this mine is WAY longer than Deryk et al are confirming. The grades are WAY higher than Deryk et

[wildhorse65]

If Skeena is worth $9 I guarantee that a current and updated 43-101 should have us near $5 or better. That's what chokes me about this team.

[wildhorse65]

Well, that's a bit wild since SKE has 80 million shares out to our 555 million, but we are undervalued and over diluted. Like I said, none of the board have missed a cheque or an option. So when analysts put us at a target of 1.80 it's infuriating to me. It's manipulation, bad deals and lack of retail interest or maybe knowledge by the board. They are doing deals and we are financing

[UGMineEngineer]

Comparing share counts isn't usually of much use. Especially since Skeena did a 4:1 share consolidation, and they haven't built anything or raised project financing.

[wildhorse65]

Very true. I was actually making a broad comparison of SKE and AOT based on how close AOT is to production. But, then I just threw the share count out there as one more thing that pisses me off about the whole play. Bottom line is get an updated and current resource estimate done that indicates the true mine life and grades. If SKE is worth $6+, then AOT at worst is worth $3+ right now. A takeover

[buygoldbug]

Why do people compare share prices between different companies? It's not proper math and is completely meaningless. You compare market cap if you want to compare value.