Probe Gold Inc T.PRB

Alternate Symbol(s): PROBF

Metals & Mining Gold

Probe Gold Inc. is a Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, as well as an early-stage Detour Gold Quebec project. The Company holds a large land package of approximately 1685-square-kilometres of exploration ground within some of the prolific gold belts in Quebec. Its Casa Cameron Project includes the Casagosic, Sinclair-Bruneau and Florence properties, which are located north of the towns of La Sarre, Amos and Lebel-sur-Quevillon, northwest region in Quebec. It also holds three properties in the James Bay Lowlands area of northern Ontario, Canada: the Black Creek Property, the Tamarack-McFauld’s Lake Property, and the Victory Property. The Company has a 50/50 joint venture with Pan American Silver on the Meunier-144 property. It also owns 100% interest in the Croinor Property located in Val-d’Or, Quebec.

TSX:PRB - Post by User

Probe Gold Inc

Bullboard Posts

Comment by LTGoldBullon Mar 22, 2012 10:24am

305 Views

Post# 19704642

RE: shorts as of March 15/2012

Anyone notice, all these shorts covered to 15 March and no short covering rally???

Plus stock kept going down. All in-house transactions between accounts but worked to get the price down. (Hedging those 6M F/T shares that became freetrading and then were sold into market)

Now the unintended consequence an extremely undervalued play, $12/oz Borden Gold on 4 Moz, smell cheap takeout soon after next resource estimate. $32M Cash is enticing also. Even at a 100% premium here (more like 20-50%) and Borden Gold is free after selling Black Creek in future on Infrastructure Builds.

Not at all happy with this prospect, cheers, Mark

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