Post by
arh0070 on Sep 18, 2020 12:19pm
bruner
It sure would be nice and great for the share price if one of several things happen .First Someone with money takes over the Bruner mine .If you do research on Canamex you discover that the gold backed cryptos are in fact backed by gold produced by the Bruner mine when /if it goes into production .You also discover on the last financial of Canamex published about a year ago Canamex owed something like 3-4 million at an interest rate of 10% to an insider ,its in default I think ,not sure who the insider is .The gold eagle cryptos have not traded for 2.5 yrs which is no surprise .You also discover that an additional royalty/nsr which I think is 0.5% was sold for about 250K to the Canamex geologist ,I suspect he is no longer with the company .I discovered that he is now the principal geologist for Arizona Silver ,watched a youtube video of him talking about thier prospects ,seems like a good and decent experienced geologist especially with respect to Arizona/Nevada .Actually liked what I saw and have bought a little of that stock .
Second it would be nice if the company(PGOL) communicated if they bought back any/all of the 4 million shares they announced a year ago .Third they need to announce there drilling plans on the two other properties they own .Fourth they need to write off the 250 k they show on thier books as a royalty on a canadian oil sands project which will never get built ,it was an insider transaction .
That all said the company is worth way more than current value based on the Moss Royalty .The one thing I dont know is whether there is a buy back on any/all of the Moss royalty .Part of the Bruner royalty is subject to a buyback.