NYSEAM:SVT - Post by User
Comment by
DanGSstockson Dec 22, 2020 11:45am
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Post# 32160975
RE:MOON.v - NI 43-101 | 4,960 Grams per ton Silver
RE:MOON.v - NI 43-101 | 4,960 Grams per ton SilverHi Brodeur
Nicely sumariezed potential, with which I fully agree, and due to which I've been a long term shareholder and managed to load up at $0.01 earlier this year. You mention drilling starts sometime next year, my question is where does the money come from? One thing that is majorly concerning me is their current cash position of only $81,643 as per November 26th
Interim financial statements/report - that can be found on SEDAR. I fear that two scenarios will have to occur before the valuation of this company can be realized.
1. smaller financing for the purpose to uptade resource estimate for the Moon property that Platina helped to increase. This needs to be done to generate higher interest in this property so that another round of much greater financing can be done for further drilling, resource expansion and category conversion.
2. Sale of one of the two properties - highly unlikely for the Moon property as this is their star project and 40 to 50% is still bullshit, and highly unlikely for the Yava project as that would have already been sold if the chance arose, and as you mention, Glencore is not interested in developing the adjacent property.
any comments on this?
as a disclaimer, half of my shares I sold at 0.065 and 0.07 and have equally $ valued bids at 0.03 through 0.045. As I dont know where the price will go, I retain half my shares for higher prices in case the $0.075 wall followed by $0.08 warrant excercise wall will both fall.
Thanks and GLTA
GS