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Rupert Resources Ltd T.RUP

Alternate Symbol(s):  RUPRF

Rupert Resources Ltd. is a Canada-based gold exploration and development company. The Company’s principal focus is Ikkari, which is a gold discovery in Northern Finland. Ikkari is part of the Company’s Rupert Lapland Project, which also includes the Pahtavaara gold mine, mill, and exploration permits (Pahtavaara). The Rupert Lapland Project is located within the Central Lapland Greenstone Belt (CLGB), part of the Fennoscandian shield, which hosts 1700 known incidences of mineralization in Finland, Sweden, Norway and Russia, including around 80 mines. The Company also holds a 20% carried participating interest in the Gold Centre property located adjacent to the Red Lake mine in Ontario. The Gold Centre property lies to the southeast and within the shadow of the headframe of Evolution Mining’s Red Lake Mine (which has produced 23.8 M ounces of gold at an average grade of greater than 1/2-ounce gold per ton (or greater than 15.6 g/t).


TSX:RUP - Post by User

Comment by ferret_caon May 17, 2021 11:26am
123 Views
Post# 33214009

RE:RE:$6 in sight

RE:RE:$6 in sightI believe if it was AEM buying his stock they would have to report it in the insider sales, I don't see anything recent from them. their last buy was july 2020.

brimacombe still owns just under 19m shares, so it's a very small % of his holding s he's sold. H e could be just raising cash to pay tax on options or buying some beaten up tech stocks, who knows.

I guess there is a slim chance that maybe he already has a deal worked out with AEM and is selling bits to hold the price back a bit to make a possible offer from AEM look a bit better than it would have with a higher s/p.  I doubt this is the case but who knows.

It's nice to see gold making a run , good times ahead for rup share holders imho

cheers ferret
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