Five discovery-stage gold projects in Northwestern Ontario and fully funded to complete current exploration plans
Five discovery-stage gold projects in Northwestern Ontario and fully funded to complete current exploration plans.
GoldON Resources Ltd. (TSXV: GLD) (“GoldON” or the “Company”) is a Canadian gold explorer focused on discovery through the exploration of overlooked and underexplored properties, and is pleased to provide an overview of the Company.
Capital Structure:
GoldON has no debt other than current trade payables and has raised approximately $2,856,000 over the last five months at an average price of $0.73 per share, with the latest financing closed with Mr. Eric Sprott. Share capitalization includes 22,318,292 common shares issued, 4,882,633 common share purchase warrants exercisable at an average price of $0.77, 2,616,000 incentive stock options exercisable at an average price of $0.41, and 29,816,925 common shares outstanding on a fully diluted basis ass
The resource space was resilient to the turbulence and uncertainty of 2020, with companies listed on the Australian Securities Exchange (ASX) able to raise more money than in the last five years.
In 2020, capital raisings on the ASX brought in north of AU$50 billion, the highest level since 2015, with resource-focused stocks responsible for AU$7.7 billion of that amount.
Companies with initial public offerings (IPOs) raised more than AU$5 billion in total. Some stocks listed last year are now up more than 300 percent since debuting, and with that in mind it’s worth looking at the top-performing ASX-listed resource companies that had IPOs in 2020.
Catch up and get informed with this week’s content highlights from Charlotte McLeod, our editorial director.
The gold price improved this week, keeping its head above the US$1,800 per ounce mark and even trading above US$1,850 for a short period of time.
Speaking about gold, John Kaiser of Kaiser Research told me he’s surprised that the US$1,800 to US$1,900 price point isn’t more exciting for market participants in his opinion, this is an important level for discoveries and exploration as it lowers the bar for what plays can be considered viable.
“I don’t think it has really sunk into the market that gold at this level is really important for deposits that are not yet developed, and it lowers the bar for exploration, what counts as a discovery” John Kaiser, Kaiser Research
Silver market participants can be downright passionate when it comes to the topic of silver price manipulation. What are the key events and theories?
From the Hunt brothers to social media’s “silver squeeze,” silver price manipulation is a longstanding and much-discussed feature of the silver market.
Silver price manipulation dates back to 1979 to 1980, when oil baron brothers William and Nelson Hunt reportedly bought upwards of 35 million ounces of silver worth at least US$1 billion.
The Hunt brothers were buying both physical silver and silver futures, and were taking physical delivery on futures contracts instead of settling for cash. Their actions ultimately sent the white metal’s price soaring to nearly US$50, which is still its highest price to date.