Ascot Resources Ltd T.AOT

Value destruction

[dacovr]

Mr. Derek White has overseen a very significant value destruction. 
Ascot shares seem to only ever go down, whereas gold prices have held up.
The move towards prodcution has been unacceptably slow (and the timetable keeps slipping), the dilution has been larger than acceptable, and the very complicated fancy financing deal with Sprott fell apart (because Sprott wanted it too - why really?)
I have lost confidence in management, and Mr. White in particular fails the grade.

[molly4]

The 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

[molly4]

And in addition you say the move to production has been unacceptably slow.  That couldnt be further from the truth.  When we get to production in 2023 it will be  remarkbly fast by mining standards.  Look at any junior mining company and how long it takes to get to production and you will see that despite a few setbacks we have been well ahead of the curve as far as time goes

[TrueGold]

Well I tend to agree with Molly4, however, this is what we get when we have 450 Kijillian shares outstanding. At this point I think the best we can hope for in the short term is that drilling hits something fairly big. I still do not see this hitting $2 unless somehow the masses see gold as the goto asset class. Right now the world is still rushing to the US$ which seems so stupid. The US is broke

[Forbesa13]

While I generally agree with your comments on people moving capital where they see fit what I think you're failing to acknowledge is that Derek and Co. provided a much quicker timeline to production when they joined the company 2017 and have missed several milestones since then and now we're all paying for that. The junior mining space only rewards company's that do exactly what they

[dacovr]

Mr. Market sure seems to not be impressed.

[dacovr]

and the value destruction continues...