Post by
MBockhold on Oct 20, 2020 2:09pm
Regulatory Intervention
Scorpio's public disclosure in their MD&A and the Circular is inadequate, inaccurate and misleading. There is literally no disclsoure in the Circular nor is their a 3rd party valuation or fairness opinion. Brian Locke (CEO) also refused to address these issues:
https://bockholdinvestment.com/wp-content/uploads/2020/10/Locke-Recording-Fairmont-Pacific-Rim-Sept-28th-2020.m4a
Scorpio's release in April 2020 sites P+P reserves of 216,700 oz at US$1500 gold yet their NI43-101 in January 2018 sites P+P reserves of 273,500. Typically reserves go up when the price of gold rises.
Titan discloses buying a Mineral Resource of 350,000oz
We have requested the BCSC and TSX postpone closing the Titan transaction pending clarification of these discrepencies and receipt of a 3rd party valuation. Clearly, Scorpio shareholders are not receiving fair value in the Titan transaction.
Comment by
disosa on Jan 07, 2021 11:45am
any news on this? is this why we are stuck in the 0-14 -0.16 price? any other catalysts in the pipeline so we can move higher except higher gold prices? boring stock last months.. last PR from a few months back
Comment by
BasementTrader on Jan 07, 2021 6:42pm
alot of drilling going on both properties. Wait for results and we will breakout then.