RE:RE:RE:RE:RE:RE:They bought 4 mil oz for 9.5 mil usd if you think anybody in this gold bull market would sell 4 million oz gold in a safe jurisdiction country for only $5 mil then you really must have rocks in your head.
argonaut gold just got a permit in that POS impossible to permit country and province ontario. mines in ontario are selling for big premiums. to diversify into a safe jurisdiction country requires a premium, especially for a deposit with known ozs and not just exploration land. people complain about the country colombia but when they diversify into a safe country canada you complain even more?
did it not occur to you that they were refusing to sell juby for cash only and would sell only if they got cheap shares to participate in the development of juby?
where have you seen 4 million oz gold in the ontario greenstone belt selling for anywhere close to $50 mil cash?
you must have been complaining when gcm bought into sandspring/goldx multi million oz deposit too because you think 4 million oz in a safe jurisdiction is a POS.
Rockhead46 wrote: Marmato was valued at less that $50m dude and they diluted it with a POS in Northerm Ontario that others were going to buy for $5m??
dumb dumb dumb
Expect management to continue to squander their cash and big investors will vote with their feet.