Post by
ShortOnCash on Dec 08, 2021 12:31pm
They Need a 43-101 or Historical Resource Estimate In The NR
This was vauge on details, and the exchange hasnt put out a release saying the listing will remain
halted for review (should be today). The fact there was ZERO numbers put out, is not a good thing.
If the exchange allows trading to resume, I would expect the company would have to issue more
details to the market, so valuation can be put on the PROPOSED transaction. I say proposed,
because they will most certainly need to provide a 43-101, which is a canadian securities
insturment, so my guess is the partner that owns the property has no reason to have one, up until
now. The exchange is likely going to need something to clarify the asset potential to be sure the
Private Placement, and the deal itself isnt undervalued. This has a bad feel to it for me, a long halt
may be among us.
The company has no say in resumption of trading at this point, so unfortunately those options are
irrelevant at this point.
Cheers everyone.
Comment by
ShortOnCash on Dec 08, 2021 2:21pm
The only thing false, is your spelling. Please, explain. Come to the forum with constructive input, except you posting FAULSE...
Comment by
lotsofcash8 on Dec 08, 2021 2:41pm
Why don't you email Jon and ask him what the hold up is. As compared to posting stuff that may be irrelevant.