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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 Forbesa13on Sep 14, 2023 3:30pm
160 Views
Post# 35636833

RE:.30's coming

RE:.30's comingYeah, this is f#cking ridiculous. I will never ever invest in a junior exploration company again. We're in for another round of funding for sure. Too obvious that it's been walked down the past few weeks.

Is this ever going to turn around? 

For all the Derek appologists out there...how many more missed deadlines and budget screw-ups are you going to put up with? Frankly, they should fire him. It would likely do wonders for the stock. I'm sure there's someone out there besides the mighty Derek who can get this over the goal line in a reasonable timeframe and cost. Lets not forget, this was supposed to be a simple rehab and rennovation on an existing mill that was supposed to cost +/- $100.0 MM...how much are we up to now? Is anyone even going to believe we're done with financing once the next one is announced? We're (allegedely) 3 - 6 months from our first gold pour and right now we've got a market cap of +/- $220.0 MM. I've never seen a someone take a whole bunch of money and turn it into less so proficiently. 
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