Post by
horace5 on Apr 16, 2021 6:10pm
Such A Disappointment
This company has been such a disappointment. While I have come out with roughly a 35% profit, that’s NOTHING compared to what I should have made. In my opinion it was criminal the way Ogilvie and his gang on the board and the institutional investors he brought along with him literally gave this company away - to the detriment of the loyal, individual investors who were holding in good faith for the long-term (based upon the continual misdirections that Ogilvie was putting out that they intended to go it alone and build a large, profitable company exploiting the tremendous resources contained in their huge land package in one of the most desirable gold mining areas you would want to be operating in.)
The value of their 111 sq mi package is worth an incalculable value, as almost anyone could see. Ogilvie knew this well and used to say himself that it would only take good drill results from one of the areas they were going to start drilling in Feb ’21 to literally turn the company overnight into a billion dollar company.
To me the greatest value in this co is it’s extremely large prospective land package. Instead, though, the “backroom gang “gave the co away for only half the value of it’s huge tax loss pools, totally ignoring the value of their properties .And what about the fully funded mine and fully funded mill (when mills are so scarce considering all the activity which is now going on in the Red Lake District)?
To me this back room maneuver makes no sense whatsoever – and it stinks to high heaven.
Comment by
EnriqueLeon on Apr 25, 2021 5:15pm
Yes, it's all true. Why is there no other bid? that's also strange.
Comment by
eng41 on May 11, 2021 9:05pm
this deal is criminal and needs to be investigated. Unbelievable how this company was just given away. Raping investors for there money. Disgusting!!!