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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 May 07, 2022 1:55am
269 Views
Post# 34664117

RE:Value destruction

RE:Value destructionThe company had a set back with Sprott(not Eric sprott for your info, he has nothing to do with the sprott finace deal) changing the terms of the deal they did with us.  You make an absurd comment about a complicated fancy financing deal.  There was nothing complicated about it at all  in fact it was pretty straight forward as far as mining financings go..  Sprott just got burned by Pure gold, and a couple of others, changed their management and blinked.  The new terms they proposed were impossible to acheive and even if we could have it would have delayed production by a minimum year.  GOOD for management for telling them to go pound sand.  To post comments that it was complicated financing deal is just ignorance.  Yes our share price has suffered lately.  Whose hasnt?????? 
Lastly, you have every right to say I have lost confidence in management, its a free world.  Thing is most prudent investors who have lost confidence in management move on.  It is beyond me why anyone would continue to own a company that they hate the management and are unhappy.  Your perogative to not like management  I just dont understand why you are hanging around and torturing yourself. 
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