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MacDonald Mines Exploration Ltd V.BMK

Alternate Symbol(s):  MCDMF

MacDonald Mines Exploration Ltd. is a Canada-based mineral exploration company. The Company is focused on the evaluation, acquisition, and development of precious and critical metals properties in Ontario. It is focused on exploring its 100%-owned, 19,455 ha Scadding-Powerline-Jovan (SPJ) Project located 20 kilometers (km) southeast of the prolific Sudbury Mining Camp in Northern Ontario. The SPJ property consists of the Scadding, Powerline, Jovan, Blueberry, Loney and Golden Copper properties. Scadding Mine, as well as additional mineral claims that surround the Scadding Mine site, which is located in Scadding Township near the Wanapitei-Ashigami Lakes district, east of Sudbury, Ontario. Its Hembruff Copper property consists of 30 mining claims over 6.64 square kilometers.


TSXV:BMK - Post by User

Post by Retiredgeoon Jul 09, 2020 4:41pm
218 Views
Post# 31248029

Share action, summer exploration and conspiracy theories

Share action, summer exploration and conspiracy theoriesSomeone or something is buying up tens of millions of shares of BMK which other investors don't want.  If the latest private placement is financed someone or something will have accumulated 20 million shares, or 10% of the float, in that transaction alone.  I think it highly unlikely that they are investing in Scadding!  Even if another gold mine is established at Scadding it is going to be a small one, like before - hardly worth their trouble.  This accumulation predates the last press release and probably has nothing to do with it.

The bigger story is the IOCG potential of the entire SPJ property, of which Scadding is the case study.  Summer press releases will focus on property grassroots exploration.  I wouldn't be surprised if a joint venture partner shows up out of the blue.  Does management know more than you? - probably!  The best we can do is read between the lines.  Management is covering BMK's butt in case of a rapid escalation in share price.

If you like conspiracy theories is someone or something setting up a takeover of BMK?
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