GREY:NWMMF - Post by User
Comment by
stocksnbondson Oct 16, 2012 7:24pm
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Post# 20491106
RE: RE: Argonaut buys Prodigy
RE: RE: Argonaut buys Prodigy I was in both capital gold and castle when they were both taken out. Castle was on a production run rate of 35 000 ounces. They also had a pre feasibility study to come out. CSG shareholders got screwed as we all got a small bump but the management made out like bandits and a stock which reached 1.25 for shareholders became a 4.00 stock under the new management team. I would not trust this new director. I do see a very chep producer though.
If nwm can produce 25000 oz, they will be taken out. Ar would buy nwm if they are producing profitably. It's a nice tuck in. Timmons is also in the mix. Aurico would not touch this. Their strategy is going in a different direction. It comes down to execution which we have not seen yet.
sb