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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canadian-advanced exploration company. It is focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. In addition, the Company holds an option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex. The Douay Gold Project is located over 55 kilometers (km) southwest of Matagami and 130 km north of Amos, Quebec, by road. The Joutel Gold Project is 100% owned by the 50/50 Joint Venture (JV) between Maple Gold and Agnico Eagle Mines Limited (Agnico). Joutel Gold Project is located approximately 70 km southwest of Matagami and 125 km north of Amos, Quebec, by road. The Eagle Mine Property is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. Its Morris property is located approximately 30 km east-northeast of the town of Matagami, or over 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Comment by LbinLoLon Aug 19, 2021 3:41pm
246 Views
Post# 33734439

RE:Oh Boy, "Anonymous"

RE:Oh Boy, "Anonymous"Ive been thinking about it and honestly it makes sense all the selling.. I think the SP would be higher if Maple did not buy the eagle proprety.. with the cash on hand I was confident they would not raise cash this year and maybe even next year, and that with a junior gives a nice feeling for long term holding.. But now, they just spent to buy eagle.. okay big deal?!? Well they will have to spend millions to drill it.. and in its latest video the CEO hinted at more acquisition.. And this is if we assume that Agnico will handle all the spending for the JV for the next year or two.. what if Maple raise cash again at a price below what all warrants would give before expiry, it would make it increasingly difficult to get the warrants in the money by next year... Especially if they raise a big amount..
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