RE: News on PMI Gold Corp PMV - one of my $$$ winners for 2011. But in case anyone has forgotten the man who's vision made this deal possible, I would like to share his season's wishes and vision for 2012:
Best of the Season to all our Asante Gold Shareholders!
Here it is the end of 2011, and time for an update on the progress we
have made at Asante and our plans for the New Year.
First off, we filed our preliminary prospectus on December 15th and
made our application for a conditional listing on the TSX.V Exchange
pending its approval and the completion of the planned $2 million IPO.
Here is the download link to the Preliminary Prospectus, Asante Gold
Corporation, dated 15 Dec 11:
https://www.goknet.net/report/PrelimProspectusPlusMaps.pdf
The current scenario is to receive the regulators' reply in early
January, a few weeks to address any of their concerns(?), if any - and
if market conditions then allow - plan for the IPO in the third week
thru the end of January.
This would permit a diamond drilling program to commence on the
concession - starting in early February. A drill rig has been secured
for the planned 5,000 metre, approximately 30 hole program to test the
geophysical targets outlined by our summer 2011 work program.
The old Chinese proverb, "May you live in interesting times" seems
particularly appropriate for the coming New Year 2012. With the
continuing downgrade of all fiat currencies, worldwide, and risk
premiums accelerating, it is clear that something has to break
sometime in the not too distant future. And because the entire world
- well at least the G20 part of the world - is so inter connected and
dependent on each other, that the break, no matter what, or where, or
when will cause a massive financial tsunami to re-level the financial
playing field. Gold, and other hard assets that are not linked to
counter-party risk, will flourish in this environment.
Asante will focus on aggressively exploring to acquire solid gold
assets as quickly as possible, and as its treasury allows! Nearly
unlimited funds will be available as the smart money flows out of fiat
paper to gold bullion and good gold securities...most to the companies
with production...but lots left over for the smart, aggressive
explorers and growth stories. Asante intends to take advantage of this
major gold bull move over the next four years - a ride to possibly
$8000 per oz gold prices.
In my opinion, there is the possibility that gold may first trade down
another $100 or so and test the US$1500 level based on a misplaced
love affair with the US$ (IE it's bigger, more liquid, and SAFER than
the Euro or other fiat money). In this scenario - the market will be
offering us a further discount on gold bullion and our favourite gold
stocks. Save some of your Boxing Day money for some opportunities
that may come along! These sale prices won't last long.
With that note, everyone here at Asante Gold wishes you all the very
best Christmas and New Years season.