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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canadian-advanced exploration company. It is focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. In addition, the Company holds an option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex. The Douay Gold Project is located over 55 kilometers (km) southwest of Matagami and 130 km north of Amos, Quebec, by road. The Joutel Gold Project is 100% owned by the 50/50 Joint Venture (JV) between Maple Gold and Agnico Eagle Mines Limited (Agnico). Joutel Gold Project is located approximately 70 km southwest of Matagami and 125 km north of Amos, Quebec, by road. The Eagle Mine Property is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. Its Morris property is located approximately 30 km east-northeast of the town of Matagami, or over 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Bullboard Posts
Comment by jsnfernleyon Jan 19, 2012 3:12pm
211 Views
Post# 19423328

RE: RE: New investor question

RE: RE: New investor question

I have a different take on the leadership at AVV.  The option from Vior (VIO) was originally to Nuvista, a Gerald McCarvill controlled entity, which subsequently was flipped to a new publicly traded company Aurvista.  The only other McCarvill project I know of personally was Consolidated Thompson, which went from a box of records with a feasibility study on an iron ore project owned by a shell to a buy out ultimately for about C$18, with Stan Bharti involvement as well.  Former politician (senator?) Brian Tobin was involved in CLM, and is a board member on Aurvista as well.

This is not meant to disparage anyone else's take on the present situation or anyone else's involvement with AVV.  McCarvill will hire the right people to get the job done.  He can get funding when needed.  The only person from VIO that I know of with AVV is Marc L'Heureux, no one else, which is telling in its own way.  I wouldn't worry about the change in management personally, I think that AVV is being groomed to grow the open pittable deposit (porphyry zones) and be sold.

Ownership of substantial positions can be viewed at www.sedi.ca.  Nuvista owns 2.85m chares, McCarvill controls Nuvista, and owns 1.29m shares personally;  Adams owns .65m shares.  I think most of the recent selling is due to the IPO placees dumping shares, there were flow through shares in addition to regular shares which came free to trade in early December.  There was an article recently in metalnews.com that you can see on the Aurvista web site where Brunel states that he can make 10 phone calls and reach 98% of AVV's shareholders.

 

 

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