RE:merger and valuationStrikeGold wrote: I reread this from the merger agreement with Golden Preditor last year:
"Combined cash and investments of $23M, including shareholdings in Seabridge Gold Inc., C2C Gold Corp. and Group 11 Technologies Inc."
Ok, the above sentence is talking about assets OTHER THAN both the Copperstone and Brewery Creek mines and all the gold contained in them! CORRECT ! TELLS US PLENTY . EH!
Right now, today, the market cap is $37 million. If you substract from that the $23 million you get just $14 mlllion! So it's saying that all of the gold resources from BOTH projects including infastructure (and the already mined leach pad gold already just sitting around at Brewery Creek, is worth a measly $15 million!) VALUE ! AND ONCE MORE CORRECT ! EXACTLY WHY WE SCREAMED BUY BUY BUY
What this is, is purely a shareholders reflection of management's inability to meet promised timelines and costs. Yet the CEO says he can't figure out why anyone would be selling at these prices. This is where ur off track somewhat . U touch on SOME of the problem but do not focus on the 2 main issues .
The more relevant is that we have many disgruntled sh ' s from the past , some trapped , some mad , some whacking a 1 / 2 cent on 100 ' s of thousands of shares daily . Other dayz not so much ... but hey its a living . Dishonest if ur posting opposite what your doing.
When there is no volume they go crazy . Up or down is fine as they play both sides and trap the upside .
Second , GB knows full well what is going on here . management has executed just fine . Perfect ? No ! And which team executes to the satisfaction of everyone ? NOONE ! PERIOD !
They have there sites set on bringing value to SGLD sh 's and it takes longer than expected with this covid con which brings multiple problems in slower timelines . THAT IS NOT EXCLUSIVE TO SGLD .
GB and his TEAM are doing just fine . THE MARKET SUCKS . SO ITS A BUY . JUST AS U urself laid out .
THANKX !