RE:RE:RE:RE:Remembering the good old days..Yep. Definitely not Markham.
Aurico owned it originally actually, and
flipped it to Crocodile Gold for $ 105 M a few years back I believe in 2013. Little did Aurico know what they had (then Alamos bought Aurico a couple of years ago).
Then Crocodile Gold owned Fosterville + Cosmo and Stawell while trading as a penny stock. Then Newmarket was created by Doug Forester et al. and absorbed Crocodile Gold as a shell company, but flush with cash.
Then KL took over Newmarket increasing the KL Treasury due to all the Cash on Hand at Newmarket. So KL was flush with cash end of 2016 going into 2017.
The ultimate moro*s were Aurico management group for not properly exploring Fosterville and hitting deeper depths in their drilling campaigns. Total blunder.
I
highly doubt Tony is witholding Fosterville results because of a supposed fear market won't like grades. Fosterville results last year were around July 28th with the updated NI 43-101 as of June 30th, 2017...which has since been replaced by the one in spring 2018.
And both Macassa and Fosterville 43-101s will be replaced again in spring 2019 showing huge reserve conversion...hopefully Fosterville's sooner....maybe that's the delay (although Mark Utting 2 months ago hinted that they wouldn't be doing another mid year 43-101)...but who knows. Maybe a big surprise in store and thus the delay.
If they do release a new Fosterville 43-101, you might see $ 35 CAD as the opening price the morning of the news release. There is definitely good news ahead from the trading as the shares keep trending higher to where they should be based on PE alone showing still trememendously undervalued.
JIN
SkyeCairns wrote:
re: KL bought Markham
I think you got the GTA cities mixed up. It was Newmarket Gold not Markham. :-))