Post by drunk@noonon Feb 19, 2025 3:06pm
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Post# 36459972
Without the aquisition, they would be producing, what
Without the aquisition, they would be producing, what15,000 oz's. And this was the mine they were going to build the company around and they were going to make other discoveries and become a dominate fource in mongolia mining. Well, what happened to that. One mine and it pertered out. So instead of the value add of discoving another desposit they paid market to buy another company with a functioning mine. Clearly they've lucked into this run in gold, or the stock would be at 5 cents on the way to o.
I started a small position, but won't buy any more for now. There is value here because of the run up in the price of gold. But management is a clear negitive.