Post by
rhc374 on Jul 06, 2018 2:29pm
I don't think this is going anywhere anytime soon
It was a mining company which may still hold property assets, but may not. There's no company website. The head suit ( Jean Desmarais) is with some investment company and has been on some corporate boards. He apparently still helps wealthy people manage their money, so he's not a full-time mining savant or anything. Whatever he's doing with this, I imagine it will be in the mining sector, which seems to be his field of expertise.
The agm (who knows who was there?) was to decide about a share consolidation.
I think something is going to happen here, but who knows what it could be? Since I think this is going to sit idle for the forseeable future, I'm out.
If you hear anything exciting, keep in touch! Until then, GLTA.
Comment by
Mex2million on Jul 06, 2018 2:54pm
Ok will keep you posted... I am not selling!
Comment by
rhc374 on Jul 06, 2018 3:13pm
Thanks Mex, I'm holding you to that! :)
Comment by
rhc374 on Jul 08, 2018 4:09pm
Lol, I thought the name sounded familiar. There certainly could be something big going on, but it's a giant question mark. The only question noted at the agm was a share consolidation. I guess a penny per share ain't too bad for a shell with no discernable future and a Power Corp connection.
Comment by
Mex2million on Jul 08, 2018 5:23pm
Thanks for the information Martindale, I feel more comfortable now after knowing this, I know it's a long shot gamble but it wasn't reinstated for no reason! Could be a good one!
Comment by
Mex2million on Jul 08, 2018 7:14pm
Upon doing some more DD.. I believe that I am fortunate to own shares in a company that this family is in charge of under two cents... And sometimes shell companies reinstate in order to bring another private company public! This could be a good buy! Holding tight for news!