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Spur Ventures Inc SPVEF

"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada."


OTCPK:SPVEF - Post by User

Post by idlefreebirdon Dec 05, 2018 7:20am
119 Views
Post# 29066612

tax loss selling

tax loss sellingor better know as flipping...over 1 million shares flipped , those who got caught buying  in the upper trades at $1.80 plus need to sell to dec;are losses , they will buy back in after 30 days of sell and just in time for year end results..for a takeover highly doubtful as there is only 4 groups of investors here ...management 35% plus , Sprott groups 10% ,institutional 25 % , and us...management have Sprott on there side as he is the actual one who got this group togeter therefore 45% in there hands and them saying NO to any offer is a given...unless the price is right ,,,no low ball offer here.

will this company takr time,yes for sure....as  they have 2 mills to build but are well funded to get these projects on there way with the FCF generated from operations...therefore no furher dilution to us sharholders..

the new resources coming up will put us over 2 million ounces and I believe extended mineralisation at Touquoy...my only fear is that they don't find any other source of feed afterwards through the drill bit...this is unlikely as even Osprey have detected disiminated gold in historic drilling...

time will tell...rough guestimate ..2 million ounces gives you 2 billion in FCF minus the 3 mills of 150 M each (high end) leaves you 1.5 billion in pocket book before taxes ..every 100,000 ounce pit adds 100 M FCF... gltal
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