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Pinnacle Silver & Gold Corp V.PINN

Alternate Symbol(s):  NRGOF

Pinnacle is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Pinnacle is also actively looking for other district-scale opportunities in the Americas, with a particular focus on silver and gold. With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long term, sustainable value for shareholders.


TSXV:PINN - Post by User

Comment by DouglasFir2on Nov 10, 2021 5:17am
184 Views
Post# 34108449

RE:Noise

RE:NoiseThis is just guessing. The Pamlico acquisition was made under Bob Carrington. He made the decision to sell the South American interests and focus on Nevada. Then Bob Archer came aboard  in Mar 2018. He was President and CEO of Great Panther Mining 2004-17 and Director until 2020 and the focus there was South America. Great Panther acquired Cangold in May 2015 while Bob Archer was CEO principally for its assets in South America. The Argosy Mine came along in the shuffle.  Bob Archer spent his early years as a geologist in that part of Ontario, so he is familar with the ground.  The Red Lake option in Ontario was taken up by NRG in Dec 2019. Unusually for a junior, NRG's strategy this year has been to drill in both places ( only covid kept NRG out of Ontario) when clearly cash resources are limited. Bob Archer would have been in a position to know Argosy potential including access and was an outlier to Great Panther's plan. Just trying to put pieces together here. So maybe. The last set of results from Pamlico were disappointing, there seems to be complex geology. At what cost can Argosy be re-opened given sets of positive results? Can NRG build on previous drill results in Pamlico.? Great Panther will own 6m shares or about 3.5% of NRG. I would say Bob Archer's job now is to raise expectations and the share price. Insights anyone?
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