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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canada-based advanced exploration company. The Company is primarily involved in the exploration of mineral resources in Canada. Its projects include Joutel Gold Project, Douay Gold Project, Eagle Mine Project, and Morris Project. The Joutel Gold Project is 100% owned by the 50/50 joint venture between Maple Gold and Agnico Eagle Mines Limited (Agnico). The 39 square kilometers Joutel Project is located approximately 70 kilometers (km) southwest of Matagami and 125 km north of Amos. The Douay Gold Project is located in Quebec, Canada, approximately 2.5-hour drive north of Val d'Or 1.25 hours north of Amos via Highway 109. The Eagle Mine Project is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. The Morris is located approximately 30 km east-northeast of the town of Matagami and approximately 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Post by Hedberg77on Dec 01, 2022 12:07pm
247 Views
Post# 35143367

The Dark Night of the Soul???

The Dark Night of the Soul???A lot has gone on in the last 24 hours:
1.  Douay completion - these step-out and discovery hole assays proved underwhelming.  These real results appeared to send some to the exits, perhaps temporarily or pemanently.  This after hours result marked the end of November - though played out in the first few hours of trading this morning.
2.  Company reitterates Eagle & Telbel assays pending - who's to say what these results will be?  And also that Douay deep drilling will be ramped up in early 2023.  This is the message to start December.
3.  At the moment - noon ET - 1.134 million shares traded with the last sale at 0.15.  The dip had buyers locked and loaded.  The naysayers did not get the doomsday they may have been hoping for. 
It is very much a mixed bag.  Overall, the stock has performed poorly for some time.  Yet, in the speculative realm, the story is not finished.  While some now see the stock as a bust due to the most recent results, others are jumping in or adding.  Interesting stuff.
Best to all wherever you land!
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