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Ascendant Resources Inc T.ASND

Alternate Symbol(s):  ASDRF

Ascendant Resources Inc. is a Canada-based mining company. The Company is focused on the exploration and development of the prospective Lagoa Salgada volcanogenic massive sulfide (VMS) project located in the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is located within the north-western section of the prolific Iberian Pyrite Belt in Portugal, approximately 80 kilometers southeast of Lisbon. The project is comprised of a single exploration permit covering an area of approximately 7,209 hectares. The Project represents an early-stage, potentially high-grade, polymetallic zinc-lead-copper exploration opportunity. The Lagoa Salgada project comprises two known deposits, the Venda Nova North, and South Deposits. The Lagoa Salgada north deposit is comprised of gossan (Gos) mineralization. The Lagoa Salgada south deposit comprises copper-rich stringer / fissure / stockwork and remobilized mineralization.


TSX:ASND - Post by User

Comment by 101724on Oct 02, 2022 10:23am
59 Views
Post# 35000118

RE:RE:RE:RE:"Maximizing value creation for shareholders"

RE:RE:RE:RE:"Maximizing value creation for shareholders"3 straight months without a closing at or above .20cad. Down 17% for the month of September. More pain coming. MM's keep dropping the price trying to create a market but none exists. Holding to my target of .07cad.

Potugal has designate Lagoa Salgada as a Project of National Interest  which fast tracks permitting. Portugal wants the mine built and wants it now. Portugal wants the tax dollars and job creation. Citizens want the mine built and the employement. 

On the other hand, Ascendant missed their September "milestones" per their presentation. Said a non-diluted funding was imminent but nothing. No updates since July 28. Keeps their Twitter active with weekly tibits that they copy from their presentation. And the list goes on.

I would not be surprised if they miss their final December payment and beg for another extension. We will see if they prove me wrong.
 
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