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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 calmandquieton Dec 12, 2022 12:50pm
492 Views
Post# 35166402

Compañía Minera Poderosa S.A.

Compañía Minera Poderosa S.A.I havent heard of Compaa Minera Poderosa S.A. before. Here is what I found so far: It is a publicly traded company based on the Lima stock exchange. Market cap of 4.1B Peruvian Sols or CAD$1.5B. 450M shares outstanding but only 30M trading publicly, for a 7% public float. Revenue of CAD$750M last year. Net income of CAD$200M. So at first glance, the people who own 92% of this Peruvian gold mine are killing it (CAD$184M, nice) and are looking for something to do with their cash hoard. So they threw CAD$50M at Ascot. Anyone who speaks Spanish, if you could look into the people that own Ccori Apu which owns Poderosa that would be helpful.
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