Maple Gold Mines

Warrants On Maple Gold Mines – Worth A Shot?

By Dudley Pierce Baker Bob Moriarty ,, has written about Maple Gold Mines, TSXV:MGM on several occasions: Maple Gold for $6 an Ounce US and I was wrong about an Oct crash (October 31, 2019) Bob Moriarty Talks Gold, Irving, Novo, Maple Gold and More (October 8, 2019) Maple Gold for $3.02 an Ounce US (October 1, 2019) The share price is been really strong lately and the company just announced more advanced activity at their Douay property. “Maple Gold Mines Ltd. has engaged Computational Geosciences Inc. (CGI) to complete a new and expanded artificial intelligence study for targeting high-grade gold at Douay.” The question now, is it time to buy the shares or perhaps the stock warrants? Frequently overlooked by investors are stock warrants trading, if any, on their favorite companies. In this case, Maple Gold Mines does have stock warrants trading, TSXV:MGM.WT The exercise price is C$0.40 and the warrants will expire on June 27, 2022. If the shares continue to trade below C$0.40 through the expiration date the warrants are and will be worthless. However, what if, in the next two years Maple Gold has some great drill results and the shares skyrocket. This brings in the potential for outrageous gains with the additional leverage with the stock warrants.   A few projections for you: Projections for Common shares                   
.50             .60         .75          1.00         1.50 As of July 9, 2020 – C$0.17 Gain on shares      … Continue reading

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