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Bullboard - Stock Discussion Forum Fury Gold Mines Ltd T.FURY

Alternate Symbol(s):  FURY

Fury Gold Mines Limited is a Canada-based exploration company. The Company's principal business activity is the acquisition and exploration of resource projects in Canada. It owns a 100% interest in the high-grade gold Eau Claire project, which is situated on over 24,000 hectares (ha) in the Eeyou-Istchee/James Bay region of Quebec. The Eau Claire project is located approximately 800 kilometers... see more

TSX:FURY - Post Discussion

Fury Gold Mines Ltd > Tiers One Silver, Sombrero
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Post by marclaurier1 on Jan 21, 2021 10:23am

Tiers One Silver, Sombrero

Can anyone tell me when or if there is a monetary value for each one of those. Would be nice to attach a value, so far we are loosing more than 40% since that spin out deal, thank you
Comment by hallidas1 on Jan 21, 2021 11:02am
Tier One is in the process of being listed. Time frame is towards the end of Feb. At that time we will have to see what the value will be assigned. They will be doing a cash raise which should give a potential vale. Will have to wait and see
Comment by BullionGirl on Jan 21, 2021 11:22am
An offering is a good way for them to establish a price basis.
Comment by montydog on Jan 21, 2021 12:33pm
One of my brokers assigned a notional value of C$0.89 for each. (They can charge me a higher fee that way than if it was zero). I think they worked this out mathematically - implied by the US$45m combined value that the banks assigned to the SpinCos when the deal was done. In reality I'm expecting they'll each be at least C$2.00 when they launch tho. 
Comment by GoldenOrb on Jan 21, 2021 9:39pm
Would love to see that .89 cents Canadian or lower.  I'm saving up for that launch, out of the gate would be nice to get in at lower end.  It will all have to do withwhat will be the shares outstanding after the capital raise. I'm emailing Ivan for all we who are waiting on the Peru assets from Auryn spin out. Asking that he send us all a kilo silver pour from the first run of ...more  
Comment by BullionGirl on Jan 22, 2021 9:12am
Some time ago I suggested that they spin out a royalty trust for Sombrero Resources. Need to do the same for Tier One. One percent off the top for all us original shareholders !
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