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Puma Exploration Inc V.PUMA

Alternate Symbol(s):  PUMXF

Puma Exploration Inc. is a Canada-based mineral exploration company. The Company has a portfolio of precious metals projects located near the Bathurst Mining Camp (BMC) in New Brunswick, Canada. It controls more than 70,000 hectares (ha) of prospective land in northern New Brunswick. Its projects include Williams Brook, Jonpol, Portage, TIMM, McCormack Brook South, Carleton, Rocky Fault, Jacquet River, Ten Miles Pool Road, and South East Moose Brook. The Company's primary focus is its Williams Brook North property, located approximately 60 kilometers west of the city of Bathurst and accessible via a paved road. The Jonpol properties consist of approximately 204 claims near the Murray Brook and Restigouche deposits. The Portage Lake property consists of 118 claims and is located at the northwest contact of the former Restigouche mine. The TIMM property of 223 claims is located 10 kilometer east of St-Quentin and covers 4,840 hectares.


TSXV:PUMA - Post by User

Bullboard Posts
Comment by Winwarrioron Mar 27, 2018 2:15pm
107 Views
Post# 27788525

RE:Hoping as usual!

RE:Hoping as usual!NIghtHawk,

I also was thinking about the consolidation option. I put this to rest for 2018 with the TV / Rio news given I figured that raising cash would not be as high a driver given:

1) TV is now picking up the payments required to secure MB assuming the deal is signed

2) PUMA is only on the hook for 25% of any upcoming MB exploration and 49% for surrounding land

3) Puma raised $500,000 from stock sales to TV and land right sales to Rio should generate$100's more

4) PUMA did not spend (or should not have spent) any of the money the December PP raised for the then proposed 5000 meter program.

I assume they should have $1.2 - $1.5 million in their coffers that should be more than sufficient for what I expect they willl announce for a spring / summer . So given this I see no real need to push for a consolidation (I think that this could only happen with, and post, our annual August meeting) and frankly I would rather see news, drilling, drilling results, TV news on work they are doing to push MB along that would cause share price to increase . . . with the stock outstanding we already have. 
Bullboard Posts