I'm Already MarriedRiceking: WHY be rude!!!
I'm really curious why you have such confidence in Derek and Company? How is it that you put in over $1,000,000 at .45 cents in Ascot, watch it go up to $1.60 and not sell? Reading your posts you really seem to be naive on investing to put $1,000,000 dollars into a junior. Not that I'm an expert. Then the stock drops all the way to .86 cents and the company issues 100,000,000 shares and dilutes the hell out of all of us. AND you're happy! They tell us they will never need to raise more money. Once again BS because now they need more money. You're entitled to your enthusiasm but why be critical of others that don't share your opinion. At least our opinions is based on history and logic. You must be very rich.
I put a question to this board a while back and neither you or Symington or anyone else answered it. So it seems you don't really know much at all. All I see out of the both of you and others is HIP_HIP_HORRAH - we love Ascot. However you never explain or elaborate on anything meaningful. Molly4 does however go into details and has always claimed he\she is in for the long haul. I would think there would be a lot of unhappy shareholders having their money tied up in this NEVER-ENDING-STORY and missing out in the run up of Oil & Gas companies. I have 4 X's my money in 3 of those. Didn't have much to invest but I did well. I for one am really pi$$ed I have my money in AOT for the last while.
Quick Story: One medium sized Oil\Gas public company I worked for 7 years ago made a significant deal. We drilled 5 wells at the same time and they were huge. The President of this company was on the phone telling at least 20 people the news; 5 days before a PR. Our stock went from $4.10 to $6.50 in 2 days on millions of shares before the TSE called. They asked and the president said there would be news out within few days but the market was just speculating because we have not received all the information.
So I for one are very familiar that inside information always makes it way out to certain people. Molly4 You stated...
This team has nothing but integrity and I personally take offense to your malicious innuendos. I just don't understand how you can say that. I seriously do not think you have special knowledge but I do believe you speak with management. You don't know what they do behind the scenes to make that claim. The stock traded millions of shares in the $1.35 to $1.41 area and then dropped very quickly. As I wrote before I found this very strange. Then the ridiculous PR comes out that they were RECENTLY INFORMED. At that point I knew why the stock dropped. That is not Integrity but you as well are entitled to your opinion.
Have they ever met a deadline-EVER? NOPE. They said a couple of years back at a dog and pony show in Calgary ( I was not there) that they were looking at many different ways of raising funds but they would not dilute the stock very much. JEEPERS- They end up diluting the heck out of it.
Here is a post from CalmandQuiet - Nov 6, 2020 Nov. 6, 2020. AOT $1.15
At the German Gold Show, Lars Beggerow said about the permit amendment “we are of the opinion that possibly within the month we can advance it,” and about the financing: “We think that it’s going to happen with a credit facility… we want to issue shares for exploration… the idea is that we are not doing a big dilution… we want to finance everything over credit.” Previously, Derek White said they would have to “give up security over the asset” if they went with 100% debt. Financing the mine with 100% debt makes me suspect that either the large shareholders pushed for zero dilution, or that the company is minimizing dilution in advance of a takeover offer. I’m OK with either option. I don’t see why they would issue shares for exploration next summer if a takeover was coming. I would hope that they would not issue exploration shares until next year, when I expect the share price will be higher after the permitting and financing announcement and when gold does its usual run in Jan-Feb.
Anyway I have not been in this stock that long. I went back on this board and read a lot of posts when I bought in. I thought I was getting some great info on Ascot and it was going to be $10 a share. Another stockbroker promotion out of Alberta. I hope the jerk lost all of the clients he frucked over. Maybe it was supposed to be $1.00.
Now I do not know what this stock will do. The new area they drilled looks like it holds promise. We won't know until July\August. Before that news came out I put $1.75 to $1.95\share depending on the price of gold. And before the HUGE financing I was thinking maybe $3\share. If this stock was going to be a $5 or $6 dollar stock we sure in hell wouldn't be trading around $1.00
Good luck to all. I'll continue being blah towards AOT until I see something turn.