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Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canadian junior resource exploration company. The Company's principal business activities include acquiring and exploring exploration and evaluation assets. The Company's Clayton Ridge project in Clayton Valley, Nevada, is comprised of 12 contiguous claims totaling approximately 248 acres. The Company has three separate claim blocks in Nevada that are prospective for lithium known as the 1,136-acre McGee Lithium Clay Project, the 124-acre Green Clay Lithium Project, and the 280-acre Elon Lithium Brine Project, covering an aggregate area of 1,540 acres. Its 3,015-acre Chibougamau project is composed of four separate claim blocks and is located in the direct vicinity of Lac Chibougamau, Quebec, Canada. Its 100-per-cent-owned Perron-East Gold Project consists of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of northwestern Quebec.


CSE:SPMT - Post by User

Comment by Notmyfirstrodeoon May 07, 2021 4:19pm
130 Views
Post# 33154667

RE:$1 Million Financing

RE:$1 Million FinancingWhat company are you talking about? You seem to have confused SPMT with another company that's out there doing something. If I wasn't watching what's happening politically in the US I would say that your statement about management buying the PP was the craziest thing I've heard all year. Management buys cheap options and pumps the stock so they can sell their options as quickly as possible because they know it's not good to hold shares in SPMT. They threw that PP idea out there to see what the reaction would be and as a distraction from the lack of exploration. If they get enough interest then there's no reason for them not to fleece people for another million and dilute the stock a bit more. Then another rollback after they get there options and then another promotion since they'll have an extra million to do it with. They may try a bigger PP if things look good. At this point I think the big numbers are something they aren't used to and they don't really know how they should proceed. Usually they only get a few cents out of the pump and the run up they got this time was a little surprising for them. This group has been investigated by the board so they want to proceed with a bit of caution so as not to attract too much attention. The fallout from all those that bought at or near the top and are going to lose a ton of money will be bad enough without the management getting to greedy. 
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