RE:RE:RE:RE:RE:RE:Huge cross trade......."Had" a position. 4.4% of the company traded to someone.
Here's my unsolicited opinion.
-Share price is down
-Price of gold is up and in an upward trend
-Ccori Apu wants to be in he Canadian market
-Ccori Apu owns 20% since the financing in January
-Ascot was excluded from Yamana's cross. they found their own buyer/buyers. Ascot management was likely unaware considering thet we all thought Yamana and all major stake holders were very happy with their positions. Why weren't they and where did they move their money to? What is a better move this close to production?
-We have no way of knowing what talks go on behind the curtain between the new owners of 4.4% and Ccori Apu, very Sprottesque scenario.
-We have not had an updated 43-101 since 2020 (a current Resource Estimate would be profoundly higher) better grades, longer mine life etc
There have been major discoveries and expansions since (that I'm betting will go unvetted by infill drilling this year)
-$4,000,000 flow thru on top of Janury financing that is now known as the "development" funds. Apparently the $4,000,000 is the drilling fund for 2023?????? wtf?
-anyone can buy shares today for .62.
- it looks likeYamana just beat it down 100,000 shares at a time to help the buyer/buyers
Are the buyer/buyers already stakeholders?
Summary: I think our questions of an aquisiton have been answered. I look for Ccori Apu and their friendlies to hold the price below .80 and take a run at us with a lowball premium in late 2023. Or, the production timeline pushes aquisition into 2024 to choke long term holders and ensure that big dogs get all they can eat. Especially if we don't see an UPDATED and CURRENT 43-101 by end of july '23
Warning: watch for more big crosses as insiders build strength
JMHUO