RE:2 more deals today. Yorkton did a press release right after where is had Goldspot buying 1mil shares for $350k in a PP.
There is something big brewing up by New World Island based on Goldspot's NSR acquisitions...
HenoftheWoods wrote: Hello crew,
Today, we saw the continued expansion of SPOT's presence in the Central Newfoundland gold exploration sector, firstly by signing a deal with King Global Ventures to determine drilling targets on the company's properties and secondly, with Yorkton Ventures. In both cases, SPOT has the option to acquire smelter rights. No mention was made of shares issues by these two entities to SPOT, but I woudn't be surprise they got some. Yorkton and King Global have tiny market caps of 8 million and 10 millions, respectively, showing how SPOT is THE place to go to for small exploration companies unable to carry out the analysis of their data independently.
As for today's trading, on a purely technical basis, the chart suggests some resistance on the way back up, around 98-102 cts. Hopefully, the price of gold holds or trends up, such that SPOT is able to break this resistance and go for new highs. NFG trending up will also help.
Cheers,
Hen