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Ascot Resources Ltd AOTVF


Primary Symbol: T.AOT

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 TrueGoldon Oct 21, 2024 5:10pm
231 Views
Post# 36275582

RE:Ta Daaa!

RE:Ta Daaa! I haven't posted for about 4 months. I sold out my position back in June. I bought in back in September (70,000 at a .16 cents average), solely based on the volumes of shares trading with no downfall to below .15 cents. When this deal gets done there will be somewhere between 900,000,000 and 1 billion shares outstanding.That combined with a lot of debt, royalty payments and everything else they have done over the last 3 years. Production again maybe next May'25. We will eventually get to .50 cents\share. Then there will be a consolidation probably 1 for 10 down the road. 
I seriously doubt we will see $1\share (BEFORE A CONSOLIDATION) for 18 to 24 months or more. And that is if they don't screw up again along the way. After AISC we will probably clear $1,400\ounce and then all the G&A, But like Crazytimes says it will still be a multi bagger from these prices. Just my 2 cents!
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