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Avidian Gold Corp V.AVG

Alternate Symbol(s):  AVGDF

Avidian Gold Corp. is engaged in the business of acquiring and exploring gold projects. The Company holds approximately 100% interest in the Jungo gold-copper property in Nevada and is evaluating other transformational opportunities. The Company also has a 28% ownership of High Tide Resources Corp., which owns approximately 100% interest in the Labrador West Iron Project and Lac Pegma copper-nickel-cobalt deposit. The Jungo Property is approximately 19.6 square kilometers in area, comprising approximately 235 unpatented claims. The Labrador West Iron Project is located adjacent to the Iron Ore Company of Canada’s (IOCC) Carol Lake Mine in Labrador City, Newfoundland and Labrador (NL). The Lac Pegma copper-nickel-cobalt deposit located 50 kilometers southeast of Fermont, Quebec.


TSXV:AVG - Post by User

Comment by Arbutus22on Sep 24, 2020 2:57pm
79 Views
Post# 31612725

RE:RE:I’m hanging on for dear life

RE:RE:I’m hanging on for dear lifeSprott investment closed in July. Crescat investment closed in August. Sprott now owns 16.4% of AVG; Crescat 4.2%; management and insiders 10%. The fact that AVG attracted heavyweights Sprott and Crescat is promising. And Crescat was willing to pay near 3x what Sprott paid. PR contract in place with Paradox as of June. Granted stock options earlier this month. Looks like ducks are in a row. Now we wait for drill results, with preliminary results looking promising. Don't know why anyone would sell now, other than those who have been scared off by recent price drop in gold and other precious metals. Volume is tiny, dollar wise, so this must be small jittery investors selling.This is most likely a temporary correction given enormous government debt that continues to grow, zero to negative real interest rates for next 2-3 years minimum, and related debasing of paper currencies. 
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