Bullboard - Stock Discussion Forum Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s): SGLDF

Metals & Mining Gold

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of... see more

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Sabre Gold Mines Corp > Star Royalties...

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Post by fozzie88 on Feb 09, 2021 1:21pm

Star Royalties...

...upsized to 24

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Comment by NIRVANA137 on Feb 09, 2021 2:14pm

Fozzie88 would you interpret today's drilling results as negative. They looked solid to me. So why are we not seeing upward movement of sp of any kind?

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Comment by fozzie88 on Feb 09, 2021 3:01pm

...not negative in any sense...Marty is putting together a gold producing factory in the Arizona desert, but the penny players need instant gratification - today!...not gonna get it unless you hit a motherlode, otherwise just a gold mine spitting out $$$ year after year... the junior market always has a time lag after anything good... takeaway from today's release is we are going forward - we& ...more

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Comment by GoldenPolarBear on Feb 09, 2021 3:15pm

Agreed! Fozzie88 wrote "... Marty is putting together a gold producing factory in the Arizona desert, but the penny players need instant gratification - today!...not gonna get it unless you hit a motherlode, otherwise just a gold mine spitting out $$$ year after year..." https://www.globenewswire.com/news-release/2020/11/23/2131647/0/en/Kerr-Mines-and-Star-Royalties-Close-US ...more

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Comment by NIRVANA137 on Feb 09, 2021 6:23pm

Thanks much for answering my question Fozzie88, it is much appreciated!! Also quickly what did you mean by "up size to 24"?

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Comment by fozzie88 on Feb 09, 2021 6:53pm

Star Royalties initial ipo financing was 'up to $20mln'... there was enough demand to upsize to $24m... it means that despite the nonsense being tossed around this board, there will be more than enough $$ to issue tranches 2 & 3 ($12mln total) to 'Zona Gold.

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Comment by NIRVANA137 on Feb 10, 2021 9:08am

Thanks MUCH FOZZIE88!! Just curious where did you see that the amount was upped from 18 to 24 million?

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Comment by fozzie88 on Feb 10, 2021 9:31am

verbally from broker

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Comment by fozzie88 on Feb 10, 2021 9:33am

to clarify, that is the amount Star is raising in ipo, not how much is being advanced to 'Zona Gold...

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Comment by NIRVANA137 on Feb 10, 2021 10:05am

Got it thanks Fozzie88!!

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Comment by fozzie88 on Feb 19, 2021 10:02am

FEBRUARY 19, 2021, TORONTO, ON - Star Royalties Ltd. (the "Company" or "Star Royalties") is pleased to announce that it has closed its initial public offering (the "IPO") of units of the Company (the "Units" and each a "Unit") at a price of C$0.70 per Unit for total gross proceeds of C$24,000,200 with a lead order from Palisades Goldcorp Ltd ...more

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