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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canadian-advanced exploration company. It is focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. In addition, the Company holds an option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex. The Douay Gold Project is located over 55 kilometers (km) southwest of Matagami and 130 km north of Amos, Quebec, by road. The Joutel Gold Project is 100% owned by the 50/50 Joint Venture (JV) between Maple Gold and Agnico Eagle Mines Limited (Agnico). Joutel Gold Project is located approximately 70 km southwest of Matagami and 125 km north of Amos, Quebec, by road. The Eagle Mine Property is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. Its Morris property is located approximately 30 km east-northeast of the town of Matagami, or over 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Post by Hedberg77on May 10, 2022 11:41am
293 Views
Post# 34670561

A consideration or two

A consideration or twoHere we are at 0.19.  May go lower - who knows how low.  That said, a thought - the precipitous drop in share price has occurred with a relatively few amount of shares traded.  332 million total shares out.  500k is a brisk day for this stock on the Venture, normally MGM trades less than that amount.  That's not to say the drop doesn't matter.  Of course it does.  However, it could be argued by the volume that most holders are staying put through this turbulent market.  Therefore, it wouldn't necessarily take long to go back up if things turn around to the upside.  No guarantees.  Yet amidst this current crash, AE is still a partner and, while modestly, some progress is being made by the company.  GLTA
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