Post by
StrikeGold on Jan 27, 2022 4:56pm
merger and valuation
I reread this from the merger agreement with Golden Preditor last year:
"Combined cash and investments of $23M, including shareholdings in Seabridge Gold Inc., C2C Gold Corp. and Group 11 Technologies Inc."
Ok, the above sentence is talking about assets OTHER THAN both the Copperstone and Brewery Creek mines and all the gold contained in them!
Right now, today, the market cap is $37 million. If you substract from that the $23 million you get just $14 mlllion! So it's saying that all of the gold resources from BOTH projects including infastructure (and the already mined leach pad gold already just sitting around at Brewery Creek, is worth a measly $15 million!)
What this is, is purely a shareholders reflection of management's inability to meet promised timelines and costs. Yet the CEO says he can't figure out why anyone would be selling at these prices.
Comment by
fozzie88 on Jan 27, 2022 7:02pm
... slipshod marketing effort (look at regular updates from ASCU, SBMI, MGM, SEA, etc)... management seems lethargic in establishing any shareholder engagement; shldr always in the dark - eg. What is stage of completion of Copperstone? ...when is first pour?
Comment by
Myharleybike on Jan 28, 2022 10:09am
We are suppose to get an update on Copperstone soon, just don't know what soon means anymore. Sure is quiet.
Comment by
satchmo6 on Jan 28, 2022 10:28am
The PEA was a waste of time----- SGLD is now a 'ATM'
Comment by
GoldenPolarBear on Jan 28, 2022 11:45am
Maybe Copperstone is on Care & Maintenance?
Comment by
iluv2buyem on Jan 28, 2022 12:41pm
BILL ! EXCELLENT ! I call em flip floppers that work at IHOP as line c-R-ooks . HA ! U missed a few others but ur concern for Great Putrid is on point ! SGLD IS A MONSTER !