Maple Gold Mines Ltd V.MGM

"NO NEWS" Maple hits New Year LOW

[Angelique01]

The only outlier in the gold stocks I  follow is No News Maple.
All gold stocks to the green with notable exception. of MGM.  This on strong volume over 900k shares.  Either tax loss selling or someone justifiably getting fed up with no forthcoming drill results. Extremely cheap but when you see all the bargains out there in the gold sector I'm just not interested in buying  MGM especially with the failure to deliver on promise of constant news flow.  Leaves a bad taste in ones' mouth. 1 drill hole in 5 months doesn't cut it for a junior explorer.

[Angelique01]

Combine that with a resource estimate earlier this year at Douay which is unchanged from what it was in 2017(3m ounces);  less than stellar results from Douay, Eagle 1 and Eagle 2 (1 drill hole) not surprising we sit at under .15.

[Yonexx]

I am with you on the lack of news. Im hoping its a blessing in disguise given recent market challenges. Regarding the resource: I dont know if you intentionally bash, or just dont know the story in detail, but in 2019 Maple shifted to the most conservative estimator in the business. If you look at the old Micon resource estimate, many of Douay's pits are actually not separate pits but

[Angelique01]

In 2017 the Resource Estimate by Micon was 2.8M ounces.  In 2019 the RE by RPA was 2.8M ounces as well.  The 2022 estimate by SLR was 3.0M ounces.  There were people out there including analysts who were expecting somewhere between 4-5M ounces this year.  The 3.0M figure was a dissapointment to most shareholders. 

[Iwant2Retire]

Investors are being played by MGM and I consider this a dereliction of duty and not only empty promises but lies.  I have been adding MGM all along thinking it is going to go up any day now yet I keep losing and losing and losing. Obviously the drill results are bad but lying to investors is worse.  Is there a precedence in the stock market where investors can sue based on the sham that