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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Post by molly4on Apr 01, 2021 5:27pm
407 Views
Post# 32925280

Financing

FinancingBefore we all jump off the proverbial bridge recognize one thing.  With dilution our NAV at $1700 Gold is $2.20 and $3.10 at $1850 Gold.  Fully funded Peers average is .83 of NAV.  I agree with Forbes that I am a little puzzled at the discount on the share price for the raise.  I dont know why we had to give a 16 percent discount, buit I will wait to hear from Derrick.  BTW dont expect to hear anything from the company or any BMO or Raymond James  reports until after the close April 9th.  I dont think we have to wait until the 30 day over allotment period to hear anything but I am not 100 percent sure.  I very much respect Argentis Capital Michael Gray and what he has to say and he views this as positive.  He was happy they raised a bit more than the $35 million they were required.  As Forbes said, this is now done.  Dilution to the NAV which to me is what is important is fine.  This NAV number was arrived at with FS metrics. Way more upside in exploration, as was noted, but also on working SAMS into mine plan, which will make a big difference. JMHO On to the next step  
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