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Probe Gold Inc T.PRB

Alternate Symbol(s):  PROBF

Probe Gold Inc. is a Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, as well as an early-stage Detour Gold Quebec project. The Company holds a large land package of approximately 1685-square-kilometres of exploration ground within some of the prolific gold belts in Quebec. Its Casa Cameron Project includes the Casagosic, Sinclair-Bruneau and Florence properties, which are located north of the towns of La Sarre, Amos and Lebel-sur-Quevillon, northwest region in Quebec. It also holds three properties in the James Bay Lowlands area of northern Ontario, Canada: the Black Creek Property, the Tamarack-McFauld’s Lake Property, and the Victory Property. The Company has a 50/50 joint venture with Pan American Silver on the Meunier-144 property. It also owns 100% interest in the Croinor Property located in Val-d’Or, Quebec.


TSX:PRB - Post by User

Comment by mtzorfason Aug 22, 2023 11:58am
197 Views
Post# 35599962

RE:Does PG want to be the 800- pound gorilla of Val-d’Or?

RE:Does PG want to be the 800- pound gorilla of Val-d’Or?That's all well and good, but the PROBF chart is down over 2 years and basically flat over 5 years.  If you had put that money in the S&P 5 years ago it would have nearly doubled by now.  On top of that, the buyout price is going to be based on a premium of whatever the price is when the buyout happens, so the stock price does matter- maybe not day to day- but  5 years is a long time to do absolutely nothing.  I've been invested in probe since 2010 and still have a lot of shares, and I'm a super patient person, but this is incredibly frustrating with no end in sight.  I think Seema is great and don't fault her for any of it- she's one person with a lot on her plate- it would be nice if the company put some serious effort into marketing more and doing something to move the stock price so it's well positioned for a buyout that reflects the actual value of their assets.  The current stock price is way under the value that they have proven and that should be something that they prioritize or any eventual buyout will be unfair.  
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