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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canadian-advanced exploration company. It is focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. In addition, the Company holds an option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex. The Douay Gold Project is located over 55 kilometers (km) southwest of Matagami and 130 km north of Amos, Quebec, by road. The Joutel Gold Project is 100% owned by the 50/50 Joint Venture (JV) between Maple Gold and Agnico Eagle Mines Limited (Agnico). Joutel Gold Project is located approximately 70 km southwest of Matagami and 125 km north of Amos, Quebec, by road. The Eagle Mine Property is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. Its Morris property is located approximately 30 km east-northeast of the town of Matagami, or over 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Bullboard Posts
Comment by Shylockon Feb 22, 2019 4:46am
107 Views
Post# 29398042

RE:No Interest

RE:No Interest Hatrick -

You are leaving out a number of critical points which changes your thesis substantially.

1)  What Maple has now will be a lot less than what it will have later.  I can tell his from Matthew and Fred's dedication and drive.  The Douay, I will wager, has a lot more gold that anyone presently supposes.

2)  Current gold prices will not be the same in a few short months and the sky is the limit if American politicians of the progressive type keep making increasingly ludicrous remarks such as the one made by AOC, to wit, if she had her way, those unemployed as a consequence of Democratic lunacy, would still receive a living "wage" while those who simply did not want to work would receive the same.  This is undeniably crazy.  It is the Iron Lady (Margaret Thatcher of the U.K.'s) statement that "the chief problem with socialism is that sooner or later you run out of OPM (other people's money."  Chasing Jeff Bezos our of NYC because he wanted to set up a major operation there which would bring a fortune in tax money and thousands of high-paying jobs to an area that badly needs them would be another example.

3)  the jopb of junior gold explorers is not to get gold out of the ground to create cash flow.  That is the job of the majors.  The job of the juniors is to FIND the gold so that the majors can buy the junior and hence the gold and go to work.  That is how cash flow is created by juniors.  You have to understand the problem beforfe you can implement a solution.

4)  If you voted to sell Maple for a lousy $0.20 or $0.30 you would leave a fortune on the table because Douay, I suspect, has a lot more gold than we now know and with a rising POG this well could be a 30 or 50 bagger company.  As an aside, it is telling that Jay Taylor still has MGM on his junior buy list.  In time, this one is going up substantially although it may not be overnightl  Not all companies' prices move at the same time and right now this one is under the radar or most but the more prescient investors/speculators see the potential.

5)  Remember the "hit job" a certain self-styled "analyst" did on Maple a while ago?  Well, this knocked the price down substantially and provided a buying opportunity.  I personally bought more.  Were it not for this, Maple would be a good deal higher than it currently is.  I will let you ponder the motive of this individual but Maple's chief geo effectively rebutted the tripe of the one who lowered the price of this fine company.  BUY LOW, SELL HIGH, not the other way around.

6)  What have "these donkeys accomplished?"  They have continued to execute on their plan and now having received an additional 1.9M from La Belle Province they are cashed up for 2019 to drill, baby, drill (thank you Ms. Palen!).  I would say IMHO that we have not heard the best about Maple for it is yet to come.  If you don't have the patience to allow them to prove themselves, sell and move on.  But I have a strong feeling you would regret that move in due time.  You can thank me later if you do decide to hold.

If Maple does not produce the way I believe they will, you can call me the "donkey." 

Good fortune to you, Hatrick, and to all shareholders of Maple Gold Mines.
Bullboard Posts