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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Post by Mustlovedogs01on Feb 02, 2022 1:25pm
191 Views
Post# 34389809

Short covering...

Short covering...No buyers...lessons have been learned and consequences still remain for investors after this recent stock plunge!  I believe those who prospered from the last run up, shorted, are now covering.  Does AOT get another leg down with a slap down with gold?  It has gone through support levels like a hot knife thru butter!  Seeing that the low volume has returned adds support in my view.  I am anticipating an offer...if management can't support a share price so close to production, then that opportunity may verywell be taken from them?  Time will tell.  Regardless...those who may agree, including large institutional investors...remember this experience when it comes to voting your shares at the next AGM.  If they are able to hold on?  Jmo. glta
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