Maple Gold Mines Ltd V.MGM

From an analyst... Target 0.25US$, = 0.34CAD$

[jdgreat1]

 MAPLE GOLD MINES (MGMLF/$0.06 | Price Target: $0.25) Mark Reichman [e-mail] [phone] An Effective Board in Action Rating: OUTPERFORM Tuesday, August 29, 2023 Leadership transition. Maple Gold’s Board of Directors concluded that a leadership transition was in the best interest of the company’s stakeholders and appointed Mr. Kiran Patankar as Interim President and Chief Executive Officer. Mr. Patankar previously served as Chief Financial Officer and has been a key member of the leadership team since joining the company in 2021. We think his new role could be made permanent within a relatively short time frame at which time he could join the company’s board of directors. Mr. Michael Rukus, a Chartered Professional Accountant (CPA), has been appointed Chief Financial Officer and previously served as Maple Gold's corporate controller. Operational update. With the changes in leadership, management will conduct a thorough review of its operations and plans to enhance Maple Gold's effectiveness, efficiency, and productivity. Drill targets for Douay and Telbel (Joutel), both within the company's joint venture with Agnico Eagle Mines Limited, are being refined with the next phase of drilling expected to begin in the fourth quarter. Maple may also commence a follow-up drill program at its 100%-controlled Eagle mine project during the fourth quarter. During the third quarter, we expect the company to provide more details regarding its exploration budget and associated exploration and drilling plans. Maple Gold remains well-capitalized. Maple Gold Mines does not generate revenue and incurs expenses associated with advancing its projects. The company reported a net loss of C$1.7 million or C$(0.01) per share for the quarter ended June 30, which was in line with our estimate. Maple reported cash and cash equivalents in the amount of C$6.2 million and marketable securities in the amount of C$0.3 million. Approximately C$6.8 million of joint venture funding remains available for exploration and drilling at Douay and Joutel. Rating is Outperform. We think the shares offer compelling capital appreciation based on significant resource growth and new discovery potential driven by the company’s robust drilling programs. Click to view the full report

[Iwant2Retire]

You could take every word of that from Matts playbook.  Everything except this: "We think the shares offer compelling capital appreciation based on significant resource growth and new discovery potential driven by the company’s robust drilling programs."

[woolco]

Robust drilling programs?

[Iwant2Retire]

What I meant was that was the only thing the analyst said for himself.  The rest was taken from Matt's playbook.

[RockLobster1]

based on this, I think safe to say will be at 34 cent target very soon! Symbol Brokerage Analyst Name Analyst Ranking out of 8,537 Current Rating Current Target 29 Aug 2023 MGM Noble Financial Mark Reichman 8,447 BUY $0.34

[RockLobster1]

but seriously... if they can turn it around this is a very cheap price...  hoping that they can get things on track...  GLTA