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- ⛏ Mystery Buyer Bids Gold Co Up
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and look towards the future.
Here are the highlights:
🤐 Mystery Buyer Bids Gold Co Up
👏 27 Million Ounces Of AuEq
🐦 Are Nanocaps Even Buyable?
🤐 Mystery Buyer Bids Gold Co Up
Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) (OTCQX:OSIIF) announces that it has received a proposal from a Mysterious Buyer Probably Chinese foreign-based mining company for the acquisition of all of the issued and outstanding common shares of the Company at C$1.90, considerably better than Dundee’s previous offer of C$0.775 in cash per Osino Share and 0.0801 of a Dundee’s common share per Osino Share.
The stock is up a healthy 24.5% as we type, at C$1.73. Yesterday the stock closed 1c down, so we commend the management team and board for not rowing a leaky boat. Congrats yet again Heye and team!
👏 27 Million Ounces Of AuEq
Tudor Gold Corp. (TSXV: TUD) (FSE: H56) announced the results of its updated Mineral Resource Estimate for its flagship Treaty Creek project located in the Golden Triangle Region of British Columbia, Canada.
Highlights:
Increased the Indicated Mineral Resource by 19% in gold equivalent ounces (AuEQ), consisting of a 16% increase in gold (Au), 14% increase in silver (Ag) and 32% increase in copper (Cu)
Indicated Mineral Resource of 27.87 million ounces of AuEQ at a grade of 1.19 g/t AuEq
Inferred Mineral Resource of 6.03 million ounces of AuEQ at a grade of 1.25 g/t AuEq
Alright, this bad boy is pretty big, and we’re specially impressed with the increase in copper.
📰 In Other News:
🐦 Are Nanocaps Even Buyable?
A lot of Micro/Nano cap share prices are mirages.
As in there is no way you can actually get in for real at those prices. Last week I saw a couple move ~40% on $4K or less.
Some days you are the only buyer. When there are 5 it might already be too late. #Gold
— TheHedgelessHorseman 🏇 (@Comm_Invest)
3:31 PM • Feb 20, 2024
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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