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Altamira Gold Corp V.ALTA

Alternate Symbol(s):  EQTRF

Altamira Gold Corp. is a Canada-based company focused on the exploration and development of gold projects in central Brazil. The Company holds six projects comprising approximately 190,000 hectares (ha), within the Juruena gold belt. Its Cajueiro Project comprises a large land package (28,557 ha) and is located in the Alta Floresta Gold Belt, a Proterozoic calc-alkaline volcanic arc, which includes medium to high-grade metamorphic crustal segments. Its Santa Helena project is located approximately 60 kilometers (km) southwest of Anglo American’s porphyry copper discovery at Jaca. Its Apiacas project comprises a package of properties covering seven main target areas which constitute the Apiacas district. The Apiacas project is located about 50 km west of Cajueiro project within the Alta Floresta Belt, an 82,000 ha land package. Its other projects include Colider, Nova Canaa and Porta Aberta. The Porta Aberta project is located approximately 13 km south-southwest of the Cajueiro project.


TSXV:ALTA - Post by User

Comment by shnepson Sep 16, 2020 8:33am
105 Views
Post# 31565757

RE:RE:RE:CEO has left the country?

RE:RE:RE:CEO has left the country?Eli, appreciate you coming forward to address issues brought forward by the various forward stream shareholders. I'm not sure where to start with questions but I will start with a few:

1. How can we have any confidence in your business model when you state your various entities have been around since 2014 and yet have never generated any revenue. The promotion of these various entities has been going on for years with nothing to show for them. The statements about $27B and $42B dollar valuations are future valuations that have yet to be acheived. Why would you continue to actively promote such false claims except to hide behind deceptions?

Covid 19 has only been around since January and yet it seems to be the greatest asset for delay your firm hides behind. You are a digitally asset based company and you can't function in this environment?

Forward Purchase Agreements:

a) Canamex Gold - David Vincent + 10% shareholder of Metalstream does not make for reputable arm's length agreement considering the fact that the vast majority of monies you will provide to Canamex Gold will merely pay off previous debts to insiders and not provide any actual value toward shareholders. You state, in your promotional materials, that your forward purchase agreements are highly vetted and only the best companies are chosen. My question is why would you involve yourself with Canamex when they haven't traded in over two years, your money pays their debt and nothing is left to move the project forward?

b) Guyana Goldstrike - Has no assets because the forward purchase agreement have not been completed since January. Why would you invest?

c) Altamira - Perhaps the only FPA that has any legs and is justified for investment. Why would you continue to promote the three streams when only one is actually viable?
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