Received the email on this company today, reviewed the investor materials and found it interesting.
Of course the area is extremely friendly (government wise), and like the fact the deposits are near surface.
I find it interesting that Barrick is a major shareholder (10.9%) – with $NUG supposedly being on strike with 3 of $ABX’s deposits, why would they not just take them out?
They have 8mm in the treasury, they should be drilling now, supposed to conduct a total of 40,00ft in total. So
a) THEY FIND SOMETHING INTERESTING
b) THEY STRIKE OUT…
With where its trading, I will build a small position for the potential upside, as this has to be the bottom. Lots of moving parts it seems coming into the summer months, I just don’t like the outstanding stock…
However, I like the major players in bed with them.