Post by templetooth2on Jun 07, 2023 1:49pm
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Post# 35484834
Meanwhile, in Australia...
Meanwhile, in Australia...A small gold fund, Myrmikan Gold Fund LLC has reported a shareholding of 12,097,145 shares as of June 1. This is apparently 7.98% of outstanding.
Very quick Google search tells me Myrmikan has assets of $27.6 million as of March 28, 2023.
Appears to be run by a goldbug, one Daniel Oliver who has been writing about coming credit collapse for a good long while.
Recent article on SeekingAlpha by Taylor Dart on Chesser deal by Fortuna at a price of US$59 million would tend to indicate that this, ahem, security with a market cap of ballpark Cdn$12 million is withering on the vine.