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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 TrueGoldon May 10, 2022 4:46pm
302 Views
Post# 34671963

RE:Trading

RE:Trading I would say the chance of another Equity Financing is between ZERO & SLIM. SLIM being less than 1%. Maybe they would be that dumb but I seriously doubt it.
I agree on the selling price. When we were trading at $1.10 with millions of shares every day I would have bet it wouldn't go below .90 cents.
I would expect that within a month we will hear of a replacement financing with somewhat of the same terms (whatever they were.)
I bought 20,000 shares today. If still trading at .67 or .68 tomorrow I will buy another 20,000 or more. I think $1.00 to $1.25\share is a given by the end of September this year. From there I do not have a guess because we don't know what the overall reserves are or what they are rated at.
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