The positive outcome on Friday (Canadian time) re the (higgins christmas tree) court case over the one remaining title at Touquoy has removed the only question mark of significance that has been hanging over this project and gives the green light for investors who have been sitting on the fence.
The current shareprice is a gift for those who have surplus funds and the share has significant shareholders with deep pockets and they have just completed a significant capital raising from another large Asian investor so it is not going bust and with market sentiment for gold improving and gold potentially on the cusp of a major breakout with the latest news of proof of JP Morgan manipulating the gold and silver markets likely to stir up a hornets nest of asian interest in gold and silver in the coming days the potential for a significante rise in ATV's share price is very real.
The fundamentals have never been better for gold and for ATV the boxes are steadily being ticked off.
The industrial permit can now proceed and once this comes through some time in the next 60 days then Wally & Co can finalise financing and this low cost open pit gold mine can be brought into production and the significant cashflow generated can fund widespread exploration of the Meguma Terrane and Wally can do what he does best and find millions of oz's just like he did in the 90's with Plutonic Resources.
Most importantly ATV will have first mover advantage which puts them in a prime position to consolidate all the gold resources in Nova Scotia and they have the deep pocketed investors on their share register already to provide funding to expedite the process. Interestingly the other company with a sizeable number of oz's in Nova Scotia (Acadian) has just been taken over by Asian investors and it would not surprise me if these investors have taken a strategic position knowing full well that Atlantic Gold will be an obvious JV partner once Touquoy is up and running.
One day soon the market will wake up and smell the coffee and quality gold stocks with low production costs will fly and with ATV bringing another large asian investor on board and steady accumulation of shares occuring and the nice price rise last week prior to the announcement re the court case the scene is set nicely for Ron & Wally to finally start weaving dreams into gold.
DYOR
ATV Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
