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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Comment by molly4on Oct 21, 2020 3:48pm
202 Views
Post# 31756514

RE:RE:RE:RE:Ascot so quiet

RE:RE:RE:RE:Ascot so quietI also listened to the call

Where in gods green earth to you get Lars is going to Germany?  He is attending a VIRTUAL conference and that was stated very clearly!!!!  If you dont understand what that means,  It means he will be on his computer in Vancouver attyendiung the conference.  Try listening to the answers to your questions Walter!
  
Here is what I got.

They are putting the tweaks on the financing and we should get fulll details by the end of November.  Who cares when it gets finalized.  It has not affected our critical path timelines yet.  We have the long lead time stuff ordered and it will only hold things up if it doesnt happen before it all gets here.  It also wont be funded until the Mines ammendment is done.  I dont think any of us appreciate the detail and time it takes these days to get this part correct.  
Mine Ammendment application will be by year end.  These things are very complicated  and detailed.  They take some time as does all of the engineering of the ball and Sag Mill and engineering of the mine startup.  People, its not exciting but I personally am confident that management is doing a great job in building this mine in our best interest, period

Given building a mine  is not excitng dynamic news wise, it leads me to my only complaint in this process.  Exploration is exciting and I dont think we did enough this year.  At the best we had 3 rigs goiing and it is my opinion we should have had more.  I know that the argument is Covid and letting the science and results dictate the program but sorry it doesnt hold water witth me.Other ecomapmnies found ways to have more rigs going during Covid, I think we should have also.  Weateher wasnt great up at Silver Hill but 6 holes?  The Premier Wets and Day zone have had awesome results.  This stuff is exciting and there should have been more activity.  Thats my complaint.

I reiterate my satisfaction with the way the restart is going, and at the end of the day, the shareholders will be the big winners.  There is no doubt in my mind that managements sole focus is only trying to maximize our value.
Molly

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