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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

Comment by sclardaon Jul 13, 2022 1:37am
172 Views
Post# 34819842

RE:A new 52 week low

RE:A new 52 week lowCaptiveCutting wrote

Well what a wonderfull buying opertunity... and buddy want to take a quess how low this goes.. ?

--------------------------------------------

 Hard to say how low this goes although i will predict that it wont go more than 37 cents per share lower than it is now. Probably not that funny to those way underwater here.  Not a lot of fun waiting for what seems like forever for things to happen and the news when it comes never seems good. Been there myself more times than i care to remember.

This company is in limbo with lots of uncertainty,  hopefully awaiting some kind of a financing package at some possible unknown point in time.  Add to that a  nasty market correction in all stocks and that is the reason the shareprice is where it is.

At 37 cents with a market cap. of aprox. $160 million for a company that should have Free Cashflow of more than that per year when they get operational i have to admit that AOT at these prices is starting to be of interest to me. Trading at less than 1 time future Free Cashflow. Could this be one of the elusive 10 baggers we keep hearing about?

One good news release regarding financing and this stock should be off to the races.

Although  come to think of it with this company i cant remember when the last good news, news
release was.

With the amount and good grades  of gold ore, existing mine and other infrastructure AOT has, close to a paved highway and small town  you would think that sooner or later someone would lend these Palookas  some money.

As they say its always darkest before the dawn. Hopefully dawn comes to AOT soon.

Good luck to all.



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