Spur Ventures Inc SPVEF

The positive is we now are owners of a Royalty

[idlefreebird]

company...2.6 million shares worth...diversifying our assetes and cash flow... gltal

[jedd2]

The purchase price of this 1% net smelter return royalty is $ 2.2 million (U.S.) in cash and 2.6 million shares of Metalla Royalty (MTA).  The payment will be made to the seller of the royalty and not to Atlantic Gold.  In any event, this transaction is more evidence that an increasing number of reputable investors also see the value in Atlantic Gold.

[nilyab]

jedd2, is there possibly some AGB insider or potential AGB buyer knowledge associated with Metallica's desire to own the royalty? I guess we can only look for indicators, such as the seller having been offered an exception price for giving up the royalty? Is the purchase price exceptionally good for the seller, in your opinion?

[jedd2]

Nilyab, there does not appear to any insider involvement in this transaction.  Metalla Royalty seems to have some very competent people on the board and management.  Included on the board is Lawrence Roulston (former newsletter writer).  They have obviously seen the value and future potential in Atlantic Gold.  It also seems to be a great deal for the seller of this royalty as

[TTMAC]

The disadvantage to the seller of the royalty is that there may be considerbally more gold found than antisipated. I have heard of some beautiful nuggets found years ago in waste rock dumps at 15 mile stream. This kind of course gold is hard to find with a drill.  The advantage to the royalty seller is if there is not the gold recovered that was antisipated.  With the results of the

[idlefreebird]

jedd2, one beer to many.. i guess i misread this...if it's not Atlantic then i'm not happy as it was done before the resource update... i'll need to disect sober... gltal

[jedd2]

Idlefreebird, no worries as these news releases are often poorly written and most companies should really employ a competent proof reader before issuing them.  Looking forward to the updated resource and life of mine plan out later in Q1 2019.

[WolfOfMainSt]

Could be one of these guys? Maybe the province of Nova Scotia needs some cash now. Source: https://www.atlanticgoldcorporation.com/_resources/fifteen_mile_tr_2015.pdf 4.4 Royalties and Other Agreements and Encumbrances Former  Exploration  Licence  06135,  now  part  of  EL  10406  is  subject  to  a  1%  Net 

[nilyab]

Thanks for the information and thoughts of the people involved in this thread. No one posted today's news release, which seemed very positive to me. I guess that the Anonymous house is still working to keep down the stock price, so today's news must be frustrating for those attempting to play the stock downwards most of the time.