Snowline Gold Corp V.SGD

Alternate Symbol(s): SNWGF

Metals & Mining Gold

Snowline Gold Corp. is a Canada-based gold exploration company. The Company operates an eight-project portfolio covering approximately 333,000 hectares (ha). The Company is engaged in exploring its flagship project consisting of approximately 94,000 ha Rogue and Einarson gold projects in the highly prospective, underexplored Selwyn Basin. The Company’s project portfolio includes Einarson, Rogue, Tosh, Cliff, Rainbow, Cynthia, and Ursa claims. The Einarson property consists of two main claim blocks and several outlying claim groups covering a combined 61,690 hectares. The Rogue Property comprises 442 mineral claims covering 11,227 hectares. The Cliff Property covers approximately 2,724 hectares. The Tosh Property covers approximately 3,700 hectares and is located 20 kilometers (km) from the paved, all-season Alaska Highway. The Rainbow Property covers approximately 1,225 ha. The Cynthia Property covers approximately 1,399 hectares. The Ursa claims covers approximately 7,755 hectares.

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Snowline Gold Corp > Down draft mystery solved

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Post by Retiredgeoon Jan 26, 2024 5:18pm

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Post# 35847931

Down draft mystery solved

The charity flow through shares issued Sept 16, 2023 had a 4 month 1 day hold period which expired Jan 7 when SGD was at $5.87. Clearly, some of the owners of these share (pikers) have been selling that which they never wanted.

The shares were issued at $7.50. Assuming federal and provincial tax breaks of 30% they are now worth $5.25. We closed at $5.21. Stereotypically, these shares are slowly consumed and then the share price recovers.

I'm sure that the downdraft in Gold didn't help either.

On the bright side Valley is getting bigger with lots of potential for a 15 million oz deposit. That increases the buy out to $18 USD or $24 CAD/share.

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