TSXV:BBB - Post Discussion
Post by
NineLives on Jun 06, 2024 5:18pm
A heads up in the Golden Triangle
AMK just had an offer tabled for its shares of 43 cents, it was trading at 12 cents. Approx diluted shares 400 million.
Their major holding is 20% of Treaty creek with the owner TUO (Teuton) holding 20% and an nsr and the main operator TUD (Tudor) holding the remaining option on 60%. The reason this could be important for BBB (being north of this property) is the area is starting to attract more interest. With Newmont, Seabridge already there and others hovering.
BBB has had some huge drill results over the past years and is currently drilling. If these results show continuation of grades then BBB might end up on some majors radar (not just BHP minerals). That's why it's important for management to not let their share price languish at these ridiculous low levels and then get bought out for peanuts, which can easily happen !
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