Post by
Eap5522 on Jan 20, 2018 9:34am
Consolidation targets for AGB
Not to dredge up old topics, but I was just looking over Osprey's properties in Nova Scotia, and wouldn't it make all the sense in the world for AGB to take them out?? I do not own any Osprey stock at all, I'm just looking at this from AGBs perspective. Looks like there are at least 400k M&I oz in their Goldenville project which is 17 km from Cohcrane Hill.
Osprey market cap is currently what....$3+ million? Even at 100% premium in a takeout offer, AGB would gain lots of new ground AND 400k oz of gold for less than they can drill it out for own their own claims.
It is apparent to me that whoever manages to consolidate the atlantic gold coast will be a become a big player. Just looking for some thoughts on this.
Comment by
time4nature on Jan 20, 2018 11:04am
Sorry....meant to type Eap5522
Comment by
Eap5522 on Jan 20, 2018 11:07am
lol, it's all good :) I appreciate your thoughts on this. And yes, I have to agree with you that they have their hands full at the moment with their own resource expansion....but Osprey is SO CHEAP right now :)
Comment by
time4nature on Jan 20, 2018 11:19am
Yes they are....I woud not be surprised if both CEO's already met to discuss future plans of developing the deposits since these good neighbours have a common story. Its most certainly interesting and likely will hear more about it in the time to come.
Comment by
Eap5522 on Jan 20, 2018 1:59pm
You are right.....I didn't realize that Hudson was not part of the previous M&I numbers. Hudson should add significant ounces to the Fifteen Mile Stream deposit based on the drill holes we've been seeing in the last two press releases. Good catch Freebird
Comment by
idlefreebird on Jan 20, 2018 2:39pm
Ty... it's shaping up to what we thought it would be ... gltal