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Probe Gold Inc T.PRB

Alternate Symbol(s):  PROBF

Probe Gold Inc. is a Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, as well as an early-stage Detour Gold Quebec project. The Company holds a large land package of approximately 1685-square-kilometres of exploration ground within some of the prolific gold belts in Quebec. Its Casa Cameron Project includes the Casagosic, Sinclair-Bruneau and Florence properties, which are located north of the towns of La Sarre, Amos and Lebel-sur-Quevillon, northwest region in Quebec. It also holds three properties in the James Bay Lowlands area of northern Ontario, Canada: the Black Creek Property, the Tamarack-McFauld’s Lake Property, and the Victory Property. The Company has a 50/50 joint venture with Pan American Silver on the Meunier-144 property. It also owns 100% interest in the Croinor Property located in Val-d’Or, Quebec.


TSX:PRB - Post by User

Comment by mtzorfason May 29, 2024 3:42pm
85 Views
Post# 36062953

RE:RE:RE:RE:Yesterday’s press release

RE:RE:RE:RE:Yesterday’s press release yes!  Doesn't it seem pretty weird that this company is still under a dollar US after all of this good news and de-risking a very large asset in a great jurisdiction?  Doesn't it bother you all that we are paying these large salaries to a BOD that has not done anything to improve the share price.

It seems to me that what is happening is we are buying shares and that money is going into their pockets and other than Dave, and possibly Solasky who can actually get a deal done, who else is contributing?  And then we will get bought out for WAY less than we are worth and we are expected to be happy about it.

If the shareholders were truly being put first (which is their fiduciary duty), we would be worth at least $2-2.50 US right now and bought out for $5+, which is the real reasonable value of the company.  Hopefully everyone is voting their shares according to how they see the situation.  I find it really disappointing that GDXJ is up 15% over the last two years and PROBF is down 29% of that same time frame.  That is just a basket of other small miners/explorers that should represent the average.  This is a way above average asset and just getting smoked in the market.  What is the real problem?  Because it's not "this is happening to everyone in the space" which is what I have been told.

I've stuck around out of loyalty to Dave who made me money last time around and my confidence in his ability as a geo, and the fact that this stock is so illiquid that you basically can't get out in any good way.  It's time for a change/shakeup in my opinion. 
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