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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 crazytimeson Sep 17, 2024 2:45pm
147 Views
Post# 36227659

RE:RE:RE:Drop below $10,000,000 and AOT is done? If I read that right

RE:RE:RE:Drop below $10,000,000 and AOT is done? If I read that rightwildhorse.... just can't see it going that way. Last insider report shows Ccori Apu S.A.C at over 120 million shares. They have two board members so have a good idea what's going on and no sales to show. In my opinion there will almost certainly be a financing coming, the only question is at what price? The real risk is it is a brutal below the market raise, but that looks more unlikely by the day. Hell, they could raise $60 mill just from doing an exclusive offering to current shareholders alone. Looks like today there was an agreed upon coordinated move to see how it trades freely. My guess is the financing is coming sooner than later. If I had to guess, it will be around $60 million at somewhere between .15 to .20 cents per share. If they are lucky it won't be as bad if someone gives them a little more credit. That will give you a dillution of say 350 million shares if all equity which is likely already priced in and more and maybe half that if they get an expanded credit line. No way they can just let this fold, not with such low debt and a billion dollar mill and 3 million high grade ounces. Fiduciary duty would come into play. Way too many other options. To be fair, I have been quietly accumulating down here last few days. Just my opinion. 
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