RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:GOLD AT $2660! AOT CAN BE A MONSTER MINE!!!Shadow10 wrote: Widhorse hehehe, I don't have to prove anything or take it away as you say. I'm in this for the long term and i am not up or down as i have not sold any thing since ii got shares in March of 2019. There is a small group of share holders that i have a lot of respect for and one of them is Scarda2 and they all seldom post on the board .
What are you trying to accomplish, there is nothing we can do until Ascot gets the money they need. We can't change the management or Directors unless the the big share holders have had enough and that doesn't seem to be happing.
We have armchair quarterbascks CEO's,Engineers, Miners ect. that have no idea on how to build a mill, plan the drilling atc, annd costing.Look what you have to deal with , Cmarts shows up yesterdy for the first time and thinks he's the greatest ,most knowledgeable person on the board.
I'm don't have the knowledge of Scarda2 but i think i can tell when someone is trying to snow me.
I like the piece from Scarda2
As a smart guy once said "It was never my thinking that made me the big money it was my sitting tight. Got that my sitting tight."
Thanks Shadow10. People like Wildhorse should not be investing because he just cant take any pressure. Nobody forced him or any of us to buy shares here. We all know that management has not performed well here. How do you get a mill up and running and then forget about getting to the gold ore when you have had many years to get that done? They were short on money so i guess they only had enough for the mill upgrades. They should have sold a larger gold stream earlier and did more private placements at a much higher shareprice to get the money to tunnel to the ore. They probably figured they had enough but in mining there never seems to be enough money. It goes very fast in a big project like this in the middle of nowhere especially when the company has no income producing mines in operation.
Unfortunetly that is more often the rule than the exception for small companies trying to get their first mine into production. The reason all of us including Wildhorse are here is we want a very large return and these types of companies can provide that but the price you pay is that they are very risky and a total loss can happen anytime. And lets be clear that can happen to AOT at anytime also.
All of that is in the past and we are where we are now no matter the reason. What do we do going forward is what we need to worry about. In looking at all the news releases there has been a lot of money poured into AOT over the years by various investors including Sprott, Ccori Apu, Yamana and Nebari alone have aprox. $250 million invested here. Then there are the countless private placements over the years in large sums and smaller amounts.
All these investors seem to think that the gold is there and can be mined and have invested large sums of money when AOT had was an old beat up mill and was years away from production and we had much lower gold prices. Of course i am sure people like Cmart who showed up a day ago knows more than all these people.
And now that AOT has a fully operating mill and infrastructure and just needs to access the ore and start producing $350 million Cdn. per year in profits. the odds seem pretty good to me that they will find $60 million or so in financing one of these days. Why do i think that? Because that is only a couple months of profits for AOT when they are up to full production.
The investors with money know how much AOT will make. They are in a good position now as AOT is desperate for cash and they can drive a hard bargain. The deal when it comes may not make current shareholders happy but it will let the company get into operation and start making huge profits which is a lot better than the alternative.
Good luck to all.