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Bullboard - Stock Discussion Forum 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... see more

TSXV:MGM - Post Discussion

Maple Gold Mines Ltd > The Dark Night of the Soul???
View:
Post by Hedberg77 on Dec 01, 2022 12:07pm

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!
Comment by jdgreat1 on Dec 01, 2022 12:19pm
Patience!!! Good to see all those negative weak hands gone.  I added a bunch at 13.5.   MGMs day will come and hold tight.  GLTA  Oppps, almost forgot " MGM TO DA MOON"
Comment by Iwant2Retire on Dec 01, 2022 6:20pm
I am encouraged by the addition of yet another drill.  5 drills now with a plan of attack on the ground. I have changed my view that this could be an open pit mine right now.  Obviously those in the know do not think the environment favours low grade mining and I am all in to deeper drilling.  There is so much untested ground and the MGM team have identified areas where the ...more  
Comment by Yonexx on Dec 02, 2022 3:42am
Im here with you. Obviously these results haven been an overhang to the stock. I am liking the aggressive winter program. And a bit intriguing that they've had 3 drill rigs at Eagle actually...?    With 10.000 meters pending from Eagle, more news could drop any day. Lets see if that will be reflected in a recovering SP. If only gold cooperates.., it will.   Meanwhile ...more  
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