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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

Metals & Mining Gold
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

Ascot Resources Ltd > Value destruction
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Post by dacovron May 06, 2022 10:13am
389 Views
Post# 34661870

Value destruction

Value destructionMr. Derek White has overseen a very significant value destruction. 
Ascot shares seem to only ever go down, whereas gold prices have held up.
The move towards prodcution has been unacceptably slow (and the timetable keeps slipping), the dilution has been larger than acceptable, and the very complicated fancy financing deal with Sprott fell apart (because Sprott wanted it too - why really?)
I have lost confidence in management, and Mr. White in particular fails the grade. 
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Dealroom for high-potential pre-IPO opportunities