Gold is up by $31.72 today to $2,691.85 per oz.
Augusta Gold (TSX: G) launched its strategic alternatives review on September 5th. Its office is closing on January 1st. Their debt was extended through April 30th to allow for four months for a buyout to close.
In our opinion, Augusta Gold (TSX: G) is likely to be acquired for somewhere in between $3 and $6 per share before year-end.
Augusta Gold (TSX: G) Executive Chairman Richard Warke's most recent purchase of G shares was ten weeks ago on October 3rd. He isn't allowed to buy more shares when a negotiation is taking place. If he bought more shares today and the company gets acquired a day or two from now at a 100%-300% premium it would be problematic, because people will say he had inside information. It is perfectly normal when we are this close to an acquisition taking place at a huge premium that no insider trading is allowed.
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. NIA's President has purchased 224,200 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.
Preparing Americans for Hyperinflation
