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Bullboard - Stock Discussion Forum Almaden Minerals Ord Shs T.AMM

Alternate Symbol(s):  AAUAF

Almaden Minerals Ltd. is a Canada-based company, which is in the business of exploring and developing mineral projects and its principal asset is the Ixtaca precious metals project located on its Tuligtic claim in Mexico. Through a subsidiary, the Company holds a 2% net smelter return royalty on the Ixtaca project. The Ixtaca precious metals project is located 120 kilometers southeast of the... see more

TSX:AMM - Post Discussion

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Post by templetooth2 on Dec 03, 2020 2:09pm

Peculiar

Today's news release is Twilight Zone material in my opinion. Since when is there a question about claim ownership? Asserting that they own the claim causes the stock to go up 15%???

Perhaps they've found the Holy Grail of increasing shareholder value: put out a weekly news release (or as frequency demands) avowing in the strongest language that their claims are not in Burkina Faso. Nor Bolivia. Etc. Or that they are not searching for Cesium. Nor Strontium. Etc. You get the idea. Stock price should see many hundreds of % increase before exhausting half the periodic table.

My concern with Almaden is not whether their property is in Kazahkstan, but rather, how long will it take for the glacial gears of justice to render a non-endlessly-appealable decision? As I understand it (and I could be wrong, here) we are about 3 years into this quagmire.

The question is how much longer will this stuff continue? Why can't Almaden give us a roadmap of educated guesses as to timeframes? So, for instance, if the average case in Mexico at this court level requires 3 years, then we must be close to an answer, yes? No?

Is this forthcoming decision appealable? How many times appealable? Average case times for this level of appeal??? Information please.
Comment by argaiv on Dec 10, 2020 6:08am
To top it off they release news about the water reservoir and the stock goes down.  WTF!!!
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