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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

Comment by behappyenjoyon Mar 30, 2023 9:56pm
126 Views
Post# 35370886

RE:Will it Be a Case of Overpromised and Underdelivered?

RE:Will it Be a Case of Overpromised and Underdelivered?While I like to be optimistic, I would agree with Angelique's concern based on past performance.  Never assuring when they wait for the last day. I have also not seen any exitement in Matthew's last interview with respect to pending drill results, as his exitement is geared toward acquisitions. Quite frankly, I was not impressed with his presentation which is not clear, precise and appears ill prepared and amateurish.  

I am of the view that drill results matter and good results should support a rising stock price.  Not quite sure of the rationale in acquisitions when we already enjoy a large land package with numerous target areas and only sitting at .16 cents.

I have held this stock for 5 years and I fear that management is losing focus.

I am hoping I am wrong. The next six months will determine if this company is worthy of coninuing support.








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