Loading ...AEM’s investment in Wallbridge’s latest private placement ( taking their % ownership to just below 20% total) smells like a potential takeover…..
Wallbridge looks like a pure explorer at this stage ( which will take a tremendous amount of $ to transition to a producer), but their land package ( @150,000 acres) is located in a very prolific Gold producing region that encompasses Quebec and Ontario.
Investing news.com refers to that area ( Abitibi Greenstone Belt) their “unique geology, mining-friendly policies, extensive infrastructure and incredibly rich deposits combine to make it one of the top gold mining districts in the world”
Perhaps a stock to keep on one’s radar???
In full disclosure, I do not own any shares of this company.