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Bullboard - Stock Discussion Forum Ascendant Resources Inc T.ASND

Alternate Symbol(s):  ASDRF

Ascendant Resources Inc. is a Canada-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada volcanogenic massive sulphide (VMS) project located on the prolific Iberian Pyrite Belt (IPB) in Portugal. The Lagoa Salgada Project is located within the north-western section of the prolific Iberian Pyrite Belt in Portugal, approximately 80 kilometers... see more

TSX:ASND - Post Discussion

Ascendant Resources Inc > Drill results soon?
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Post by 101724 on Jan 26, 2023 6:47am

Drill results soon?

Based on the last few days declines, I'm guessing market makers are trying to accumulate as many shares as they can before drill results come out. Maybe a little profit taking too. I would not be shocked if drill results appear next week and we start our next run. I do think we will get multiple drill reports throughout February. I doubt those numbers will be reflected in the March feasibility report which will make the project much bigger and profitable going forward.
Comment by 101724 on Jan 27, 2023 9:45pm
I was wrong. Looks like Clinton Swemmer, Vice President Technical Services dumped all of his 246,000 shares and sent the share price down.   Two things of note from Mr. Swemmer's bio: 1) Mr. Swemmer held the position of Vice President of Project Delivery for Treasury Metals a mining company where he managed the Study and Trade-Offs to maximize NPV and meet the technical requirements ...more  
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