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Bullboard - Stock Discussion Forum Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the... see more

TSXV:TM - Post Discussion

Trigon Metals Inc > Too many shares
View:
Post by AlfTanner on May 24, 2024 9:53am

Too many shares

One of my rules for investing in mining companies is to NEVER buy a small mining company with more than 200M shares.  A bloated share count usually means that management only views investors as a cash cow to milk for a source of funds.  However, I am very encouraged by the upcoming reverse split.  I think this means that management might be serious about creating value for investors.  I will be a buyer after the reverse split is completed.
Comment by Pound1 on May 24, 2024 12:21pm
 I think after the split it will pull back before moving forward. Last reverse split did so why wouldn't it happen again? 
Comment by Red_Deer on May 24, 2024 1:56pm
Hey ALF__Just Checked SEDI__Looks like Another 4,400,000 OPTIONS Were  Granted on the 23rd__@ 19 Cents For 5 Years. https://www.sedi.ca/sedi/SVTItdSelectIssuer?locale=en_CA
Comment by Red_Deer on May 24, 2024 1:58pm
SORRY !!! The SEDI Link does NOT Work You GOTTA do IT the HARD WAY But SEDI is VERY COMPLICATED/DIFFICULT to USE !!!!!
Comment by NobleHouse on May 25, 2024 3:57pm
I like to dream as well , but not when it comes to investing in a nowhere company , dispite copper prices and a MGMT , that as you stated is in place for the sole purpose of milking shareholders who just love to gamble. Good luck , because you will need it.