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They’re not all dreck …. Ascot Resources AOTVF … knock on wood

Posted by ipso facto @ 19:25 on January 29, 2024  

I’ve mentioned this one a few times in the past. I first bought it a few years ago for I think around 70 or 80 cents, then they went to the dollar plus area. Then they announced they were building their mine and got clobbered for quite a while. I bought more recently in the 30 cent area. They started doing better but then a week ago they announced a 25 million bought deal and some other funding and they got clobbered again … but now something has happened and they’re flying. They’re supposed to have their first pour in the first quarter of 24 and be in commercial production some months after that.

Just guessing but I’d say that their start up must be going well to have such appreciation in the past few days.

Daily chart

Weekly chart

PS Do your own due diligence. The mining shares can be harmful to your financial health.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.