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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 wildhorse65on May 17, 2024 9:28am
126 Views
Post# 36045133

RE:RE:Nothing to see here....

RE:RE:Nothing to see here....Get another broker! Here is an interesting look at the likelyhood of getting taken out on the cheap.

Ironically, the risk of a takeover, especially a hostile takeover, is relatively low. Having Ccori Apu in for 20% means that they are blocked from voting if they were to go hostile, because they have 2 board seats and 20% of shares they can’t vote in that event. Conversely, if another company tries to go hostile, Ccori Apu can block it with their 20% and 2 board seats. So having them on board and in the ownership is very helpful to prevent hostile bids. Further, hostile takeovers are incredibly rare in this macro environment, certainly much less common than they were a decade ago. Acquiring companies have a hard enough time convincing their own shareholders to approve friendly acquisitions.
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