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Surge Copper Corp V.SURG

Alternate Symbol(s):  SRGXF

Surge Copper Corp. is a Canada-based company, which is advancing critical metals district in a developed region of British Columbia, Canada. The Company is engaged in the acquisition, exploration and development of mineral properties. The Company owns a 100% interest in the Ootsa Property, an advanced-stage exploration project containing the Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa Property contains pit-constrained NI 43-101 compliant resources of copper, gold, molybdenum, and silver in the Measured, Indicated, and Inferred categories. The Company also has a 100% interest in the Berg Property. The Berg deposit contains pit constrained 43-101 compliant resources of copper, molybdenum, silver, and gold in the Measured, Indicated, and Inferred categories. Both the properties cover an area of approximately 125,499-hectare contiguous land package located in central British Columbia.


TSXV:SURG - Post by User

Comment by twaveron Sep 29, 2020 10:43am
194 Views
Post# 31634748

RE:NEWS IS OUT!!!!!!

RE:NEWS IS OUT!!!!!!One cannot help but ask why they would take a potential dilutive hit in excess of 90,000,000 shares at rock-bottom prices just as the stock is starting to take off.  Probably insiders scraping up all they can.  Obviously they could have done a much smaller placement now and leveraged near-term success into another placement at a higher price.  But insiders will generally put themselves ahead of long-suffering shareholders.  That said, this is a big deposit capable of supporting a lot more shares at a much higher level.  And better to have them actually doing something - especially with a hot new area to explore - than sitting on their asses as they have been for the last few years. Good luck to all.  I think we go higher from here.  I have seen a lot of these situations lately, and, as I say, better to be moving forward, even at the cost of significant dilution.  It will be a much bigger pie, so I suppose we can share a few slices and make everyone happy.
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