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Bullboard - Stock Discussion Forum Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of... see more

TSX:SGLD - Post Discussion

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Post by givemeabreak1 on Aug 20, 2024 2:34pm

WTF

The 3 million is considered un-secured?  Sound like a big error by management! The payment was for sale of the property.  If payment is not made it should have acted similar to a mortgage where the land reverts back to the original owner.  It appears the agreement may not have been written up the way it could have been written up.  Even sales of mining property that have stipulation as to exploration dollars if the dollars are not spent the property reverts back to the owner.
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