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Bullboard - Stock Discussion Forum Decade Resources Ltd V.DEC

Alternate Symbol(s):  DECXF

Decade Resources Ltd. is a Canadian based mineral exploration company seeking opportunities in the resource sector. The Company holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the Golden Triangle area of northern British Columbia. Its projects include Grassy, Premier East, Red... see more

TSXV:DEC - Post Discussion

Decade Resources Ltd > put my two cents in
View:
Post by OgnyQ4 on Nov 12, 2020 9:06pm

put my two cents in

 


  • News Release – May 7, 2018 – Stewart, BC – Decade Resources Ltd. (the “Company”) is pleased to announce it is using its best efforts to complete a non-brokered private placement of flow-through and non-flow-through units to raise aggregate gross proceeds of up to $600,000.



Obviously one BIG client - venture capital and private equity company(THE SELLER), offer  to DEC to take half + more,.....  So we were updated   : 


  • Decade Resources Ltd. (the “Company”) has provided an additional update to the terms of the financing it announced on May 7, 2018 and May 15, 2018.  The Company is now using its best efforts to raise an aggregate of up to $1,410,000.....................

.... 4,615,385 flow-through units, at a price of $0.065 per flow-through unit, for gross proceeds of up to $300,000.  Each flow-through unit will be comprised of one flow-through common share and one transferable non-flow-through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.08 per share, for a period of 30 months.

The offering of non-flow-through units will now be comprised of up to 22,200,000 units, at a price of $0.05 per unit, for gross proceeds of up to $1,110,000.  Each unit will be comprised of one common share and one transferable common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.07 per share, for a period of 30 months.



  • Like this , THE SELLER, becomes proud owner of :

- 2,315,000 flow-through units, at a price of $0.065(real price after tax benefit) = 0,04cad.

- 22,200,000 units, at a price    =0.05cad.

- 22,200,000 warants 0,07cad. with expiring date  14 December 2020,

- 2,315,000 warants 0,08cad. with expiring date 14 December 2020



  • Taking advantage from the extremely promising NR from October 8 2020 :

"Decade's First Drillhole into Del Norte-Lord Nelson Boundary Area Intersects 10 Metres; Mineralized with Chalcopyrite and Visible Gold." (after this NR share price  goes up to 0,13cad . in big volume).....

AND from the amazing work done this summer in the other 3 zone...

AND from one more reason(THE SELLER was PROBABLY pushed by…..) , ……...that speculation I prefer to keep for myself…….

THE SELLER  decided to sell shares in profit( >0,5cad) and to ride the warrants for free...... AND THAT IS what, venture capital and private equity company , Usually Do.



As soon as this sell off FINISH....

You will see SP nord of 0,12cad. after a day or two......

AND when ALL drill results will be DISCLOSED......


You will need a telescope to see THE share PRICE.



GLTA!!!  

Comment by Wiz666000 on Nov 12, 2020 9:41pm
Ogny thank you for your reasoning.Makes sense and lets hope what you say is true. We would all be happy for this to come to fruition, but remember this is the vulture and it is tax time, anything can happen (incliding what you said), Good luck to us all.
Comment by TrumpThis on Nov 13, 2020 2:42pm
That's why I bot another 200k as 88 Credential just now!  Gotta clear out the weak.
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