Liked your post. While I hate reverse splits, think part of you post explains the motive for many of them. " Even Moneta-Acrex is a problem with an orebody. 650,000 ounces is nothing to sneeze at. Some of it is even high grade. When? Will they act? Can they, will they do it on their own? Only way it makes sense, but hard to finance at 17 cents."
You also asked, "Who else? I would like to hear. Know of any that have intent and ability?"
Refrained from answering because while I have been eager to exchange information and ideas on one stock, I did not want to hype the stock. Since no one here, and I mean no one has any interest in this company, I have not considered it in my best interest to post about it.
It is producing from one Timmins mine, 40,000 oz and will increase this to 50,000 per annum. Other mine in Alaska will begin producing this year. Production from another Timmins mine will also start later this year.
Company is going to do a reverse split of 20 for 1. Now has close to 900,000,000 shares.
Insiders and management hold about 80% of the stock. Website is a disaster, never updated and Sedar documents indicate they will get control of important company assets, if the company defaults.
You will find the name of this company if you have any interest in doing so. They are one of the largest landholders in the Timmins area. |
