Blackwolf Copper and Gold Ltd V.BWCG

Tml

[nofluff]

Is loving the deal. Bwcg not so much..

Nf

[nofluff]

I am neutral on the deal.  Positives. Reduced management.. Negatives. 10 million ft shares at 0.23 cad plus much other dilutive payouts. 3 million cad. Per year minimum to streamers at Goliath starting next year.. 500 million to be spent on Goliath before any gold poured. 200 million at nib and kitsault bwcg share. Still looking to add more districts. It is my guess that they wish to

[nofluff]

After the deal is done there will b a 4 to one rollback. Nf

[nofluff]

There is a 500 thousand dollar break fee for either side calling the deal off. Happy hoping:)) Nf

[marketsense]

My only comment at this point is surprise. This is the second merger within a year for the Wolf. I can only hope its going to benefit holders at some point but too early to say when or by how much. To me it seems they wanted a near term producer to bolster up their exploration plays but I'm not sure about the long term strategy. Could it be eventually a merger with Western Red Lake? I wonder

[nofluff]

Lextrom did say a while ago, that they were going to go big and looking for acquisition. Both camps will b drilling hard this summer. Harry should deliver. Hopefully sell it to either BJ or ascot. The Goliath has 3 separate deposits. So we have two mills to build. That will only cost about a billion. Just watched an interview with Barrick CEO. He said they have billions of cash. Some earmarked

[rockport1]

One point, Harry won't deliver. The option agreement has been terminated. 

[nofluff]

Could u give details?? Nf

[nofluff]

No need. I found the data. So what did bwcg get from the acquisition?  Some please tell. Nf

[nofluff]

Did we just rescue a bunch of rich guys?? Nf

[rockport1]

Here is a link to the Teuton news release where they state the option is terminated:   https://teuton.com/joint-venture-partner-and-optionee-updates-harry-property-del-norte-property-and-treaty-creek-project-golden-triangle-british-columbia/ "Teuton Resources Corp.  (“Teuton” or “the Company”) (TSXV:TUO) (Frankfurt:TFE) has served a termination notice on Blackwolf Copper

[nofluff]

So it makes sense why price crashed after deal. It was a stimking bail out. No wonder rob went into hiding. Nf

[nofluff]

Rob was touted as the amazing geo to do the amazing find. Not sure when he will show his face again. Nf

[rockport1]

The Geo makes a massive difference; seems even more critical in the Golden Triangle. Case in point: Treaty Creek (Tudro/Teuton/AMK) was limping along until Ken Konkin was hired in 2019.  He completely changed the orientation of drilling, etc. Took them from a few interesting holes to almost 30 million ounces AuEq today.   I feel the right Geo on Harry could have had much more

[nofluff]

Good comment rock. However, I think Rob did a good find on a small program. The property always concerned me, that it was environmentally  bad. They could never surface mine. I thought perhaps ascot could tunnel and extract. However, mineral is close to surface, so likely huge water issues with river running through property.  Fn are stopping any environmentally bad projects. I believe

[marketsense]

A very disappointing turn of events which will take some time to sort out.  I',m thinking a year or so.  That said,  I like the long term prospects if one has the patience to stick with it.  Once Goliath is in production I can see it being merged with WRLG.  That  would create a 200,000 oz producer which is a decent mid size that could grow both internally or

[nofluff]

Yah Ms.  This has become a 20 year habit for me. The good news is that What I own r free. Oh boy!! IAM Rich right:)).  I believe they mentioned consolidation. Something like 4 to 1.  There float will not b all that high after deal . So my guess is that they need to consolidate to get sp up. At least I do not have to spend time wondering if I should buy.   Nf

[nofluff]

Or  is this a ruse? Nf   

[marketsense]

Good question NF.  We really don't know except for what is being made public.  If there is something else going on behind the scene,  we will be the last to know no doubt.  However this shakes out,  I'm putting my chips on Giustra.  I just know too much about his history to have any doubts.   I like what he has done in the past and he's delivered the