Future Bidding War for Augusta Gold (TSX: G)

Augusta Gold (TSX: G)'s $1.80 per share warrants won't create any resistance in the stock. They are held entirely by billionaire Richard Warke and Barrick Gold (GOLD). They are a very positive thing... because they will give Richard Warke even larger ownership of the company after he exercises, while providing the company with a massive amount of funding to develop its gold mines. Richard Warke only cashes out in a buyout he never sells stock into the open market of any of his companies!

Yesterday, Richard Warke exercised his Solaris Resources (TSX: SLS) warrants and SLS rallied 7.58% on the news because it made SLS fully funded through mid-2023SLS shareholders know that Richard Warke never sells shares into the open market!

SLS is already a $1.3 billion market cap company. G is a $130 million market cap company that is very likely to become a $1.3 billion market cap company over the next 12 months.

The warrants also increase the probability of Barrick Gold (GOLD) exercising them and making an offer to acquire the entire company, similar to what AngloGold Ashanti (AU) recently did when it acquired the rest of Corvus Gold that it didn't already own! We anticipate a future bidding war between GOLD and AU to acquire all of G!

If for some reason you don't have access to TSX trading, G also trades on the U.S. OTCQB under the symbol AUGG.

There are some tiny gold explorers at 5 cents that may technically make larger percentage gains than G over the next week or two, but any 5-cent gold stock is risky and difficult to buy or sell.

G is very liquid while also being very tightly held, which will allow investors to earn larger profits on G than any other gold stockG will be the first gold stock to start hitting new 52-week highs and will very rapidly become the #1 biggest play in the entire market!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 169,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.