OTCPK:OGFGF - Post by User
Comment by
JPGOLDon Feb 28, 2022 7:21am
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Post# 34466792
RE:RE:Investor Call and Webcast
RE:RE:Investor Call and Webcast I agree. The take out price should have been much higher. Unfortunately, the coup in October knocked out whatever upside potential we had.
Perseus jumped at the opportunity and moved in quickly to close after they bought out Resolute. They have the capital, African experience and patience to build out Block 14.
Take a look at Loncor ( TSX- LN) Another undervalued and overlooked story with a very large resource and high NPV. Near Barrick's giant Kibali mine. The DRC is better than Sudan. I think this company could be in play soon.
Another one is Asante gold (CSE: ASE) that just closed a financing for $ 100 Million @ $ 1.75 per share.Building out the Bibiani mine in Ghana they bought from Resolute last year. This has been big performer backed by serious money. Stock was trading at 30 cents last summer.
It is interesting to note that all 3 companies have been associated with Resolute.