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Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canada-based junior resource exploration company. The Company’s primary projects include four projects in Clayton Valley, Nevada, such as the McGee lithium clay deposit, the Elon lithium brine project, Green Clay lithium project, and the Clayton Ridge project. Its other primary projects include the Perron-East gold project consisting of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of Northwestern Quebec in the direct vicinity of Amex Exploration Inc.'s Perron property and past-producing Normetal mine. It has three separate claim blocks in Nevada that are prospective for lithium known as the 880-acre McGee Lithium Clay Deposit. The Green Clay lithium project consists of 97 contiguous claims totaling approximately 2,000 acres, and the Clayton Ridge project consists of 35 contiguous claims totaling approximately 721 acres. Its Chibougamau vanadium project is located in the direct vicinity of Lac Chibougamau, Quebec.


CSE:SPMT - Post by User

Comment by Notmyfirstrodeoon May 07, 2021 4:19pm
117 Views
Post# 33154667

RE:$1 Million Financing

RE:$1 Million FinancingWhat company are you talking about? You seem to have confused SPMT with another company that's out there doing something. If I wasn't watching what's happening politically in the US I would say that your statement about management buying the PP was the craziest thing I've heard all year. Management buys cheap options and pumps the stock so they can sell their options as quickly as possible because they know it's not good to hold shares in SPMT. They threw that PP idea out there to see what the reaction would be and as a distraction from the lack of exploration. If they get enough interest then there's no reason for them not to fleece people for another million and dilute the stock a bit more. Then another rollback after they get there options and then another promotion since they'll have an extra million to do it with. They may try a bigger PP if things look good. At this point I think the big numbers are something they aren't used to and they don't really know how they should proceed. Usually they only get a few cents out of the pump and the run up they got this time was a little surprising for them. This group has been investigated by the board so they want to proceed with a bit of caution so as not to attract too much attention. The fallout from all those that bought at or near the top and are going to lose a ton of money will be bad enough without the management getting to greedy. 
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