Allegiant Gold Ltd (AUXXF)

[oldstocks]

AUXXF Trading HALT 07-26-2021 Allegiant Gold Ltd OTC Halt

[boston127]

That works, as long as it $2/share.

I'm just here because this is a gold play. I do not own any other precious minerals play.

[conix]

Their hope is to validate a discovery and sell out, imo.

[boston127]

This may not be done 100%.

Tough to call. They need a major hit, which is very, very unlikely in the USA, in order to generate some serious cash and upward movement in share price.

[boston127]

Put the fork in this, it is done.

Cannot maintain the slightest uptick. Bunch of good promoters.

[conix]

Looks like AUXXF has $2 Million plus coming in just from farmed out projects. And they have warrants that, when exercised, will bring in another $3 Million.

[conix]

AUXXF's geologist, Andy Wallace, has a great track record in Nevada gold mining.


I like their strategy of "farming out" projects so they can focus on Eastside project. They get cash upfront and hold an interest in the projects. Great idea.

[boston127]

Bought a few more shares today.

Still holding my core position of 10K shares. Needs to do something in the next 90 days or I will have to sell.

[conix]

Five factors that separate Allegiant from other junior mining/exploration companies:

1. Team - No team has found and put into production more mines in Nevada than its geological team led by the legendary Andy Wallace.

2. Jurisdiction - Nevada ranked #1 by the Frasier Institute. Easy permitting. Amazing infrastructure. Projects costing $100 million in CAPEX that would cost $500 million elsewhere because one doesn’t have to build roads (Yukon or some other remote place, bring in electricity, etc.). The U.S. is simply a great place to be and Nevada is the best place in the U.S. Allegiant is an American Company based in Reno with projects in Nevada, Arizona and New Mexico.

3. Resource - Most explorers are touting great drill results but why don’t they publish a resource estimate so you can see what they have? AUXXF has 1.1 million AuEq at 0.6 g/t for oxide heap leach project. The average grade of producing oxide heap leach mines in Nevada is around 0.45 g/t. Eastside, AUXXF's Flagship project, has the ability to grow to a multi-million-ounce resource.

4. Cash Flow - How many juniors actually have cash coming into the till every year? Over the next 12 months, AUXXF will receive approximately C$2mm in payments from is project farm outs. Allegiant currently has four projects farmed out (our two silver projects, one base metal and one gold project).

5. Insider Buying - Insiders have purchased 9 million shares in the open market the past 12 months (around 13% of the outstanding). Plus, they have acquired an additional 3 million in private placement and/or RSUs. No other management of any junior company in the gold exploration sector (publicly traded) with less than 100 million shares outstanding, can say that they have purchased 13% of the outstanding. AUXXF a very tight share structure with 74mm shares outstanding. 6 million warrants. Almost no options. 2.7mm in Restricted Stock Units (RSUs).

[boston127]

Thank you. Good stuff.

[conix]

AUXXF Overview

Listing: AUXXF -OTCQX
Price:$0.21
H-L: $.05 - $0.58
Market Cap:$17 MM

About Allegiant Gold Corp.

ALLEGIANT is an exploration stage company with 10 highly prospective, drill-ready projects in the southwest United States, including 7 projects in the State of Nevada which is considered one of the best and safest mining jurisdictions in the world. The majority of the projects have been identified by Andy Wallace who is credited with multiple gold mine discoveries in Nevada. ALLEGIANT’s flagship project is Eastside, a 72km2 district-size project based in Nevada, with more than 1.1mm gold-equivalent ounces that has significant potential to grow in size.

Website: www.allegiantgold.com

[boston127]

Nice 30 day run here.

Let's hope it keeps going north for June. Nice $3M cash infusion allows them to keep operations humming. Good volume. Picked up more today, at the HOD, but have faith in this.

[boston127]

Price of gold is increasing.

Hedge against falling stock market prices. Maybe we will see another move north.

[boston127]

Got a ton of PMs today.

I have no specific answer on why the price keeps going up other than excitement about Andy Wallace being back on board. He is as good as it gets when speaking about a "gold finding geologist."

They have expanded their mining operation for 2020 and they are promising some updates soon. That is all I know. Glad I didn't sell everything. I sold some of my holdings to lock in profits. I've done all the DD that I can do. So far, everything looks to be legit here. We just have to wait and see.

[boston127]

I have no idea why.

I think it is due to excitement about the BOLO project.

[slickinvest]

Looking good so far keeps climbing up$

[boston127]

USA is #4 for worldwide gold production.

And, the vast majority of that is located in Nevada, where we are.

American gold output rose by a whopping 10 percent in 2018, marking the fifth consecutive year of growth. Production was supported by higher grades at Newmont’s operations in Nevada. In fact, around 78 percent of gold produced in the U.S. is from Nevada.

[boston127]

Mistake on Eldorado Gold and our PE.

There is no PE on Eldorado, as they are losing money. And, we are losing .06/share; we are not earning .01/share. The numbers on Alacer Gold and Kirkland Lake are spot on correct. So, if we can get to earning .01/share, we will be undervalued at .09/share. Other similar companies are 19X PE - 14X PE. While we have a ways to go, more good news on another project could put us over the top. Plus, I like the fact that we are using GAAP numbers, which says to me the company has clean books.

[boston127]

The BOLO project is interesting.

The company has farmed it out, giving up 50% in exchange for $1M and an agreement by the partner to spend $4M in exploring for gold and silver. That is a good deal for the company. We could see a consistent rise in pps from here. Just from the money they have received, they are earning .01/share, a multiple of 9.5 from today's price. Not bad. The multiple for the most successful gold mining company, Newmont Goldcorp, is 13.

But, we have momentum and we are exploring and making deals. Thus, we should be priced at higher multiples. Companies similar to us are trading at PE multiples of 36X all the way to 193X.

GOLD STOCKS WITH THE MOST MOMENTUM

Alacer Gold Corp. (ASR.TO) Price = 6.49 PE = 19

Kirkland Lake Gold Ltd. (KL) Price = 63.32 PE = 14

Eldorado Gold Corp (ELD.TO) Price = 10.09 PE = 13

[boston127]

No answer and email bounced back.

I emailed IR and it bounced. I called the US office and the phone is disconnected. I have left a message at the Vancouver office.

[boston127]

Fact sheet on shares & projects.

You can click on the fact sheet and it will enlarge. This OTC company has all of its projects in the USA, but it is a Vancouver based company. The Vancouver stock exchange is known as the scam capital of the world.

https://www.allegiantgold.com/site/assets/files/2983/allegiant-factsheet-2019-10-01.pdf

SHARE STRUCTURE
www.allegiantgold.com
1 604 634-0970
1 888 818-1364
[e-mail]

Shares Outstanding 61,843,850
Warrants 7,267,604
Options 4,965,000
Shares Fully Diluted 74,076,454

[boston127]

Good day in volume & price.

This marks the 4th day in a row where we have seen upward movement in price and strong volume. We need to get some more data on the company's shares and try to understand what is the momentum.

[boston127]

Volume is good today, but not great.

Gotta wonder if the volume will stop which will lead the price back to .06. Tough to call.

[boston127]

Maybe not a beast, but very good.

I have not had any time to call the company on the OS, As and Float. I will try and get that done this week.

[slickinvest]

Wow she’s a beast $$Auxxf

[slickinvest]

Yea, I agree this is very undervalued $$

[boston127]

Allegiant Gold Ltd.

ALLEGIANT owns 100% of 12 highly-prospective drill-ready gold projects in the US, 9 of them in Nevada. The majority of the drill targets have been identified by Andy Wallace, credited with multiple gold mine discoveries.

The gold mining guru, Andy Wallace, has retired. This may explain the drop in price. This was .20 a year ago. Andy Wallace was as good as it gets.

Email Print Friendly Share
July 03, 2019 08:00 ET | Source: Allegiant Gold Ltd.
VANCOUVER, British Columbia, July 03, 2019 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF: OTCQX) announces that its agreement with Cordilleran Exploration Company ("Cordex"), to design, initiate and carry-out generative and mineral exploration activities in Nevada and elsewhere in the United States on behalf of ALLEGIANT, has expired, and is not being renewed due to the retirement of Andy Wallace, a principal of Cordex.

Cordex’s mandate included the identification of prospective acquisition opportunities for ALLEGIANT, and to design and carry-out exploration programs on ALLEGIANT’s portfolio of properties. Pursuant to the agreement between Cordex and ALLEGIANT, all activities were funded by ALLEGIANT whom retained a 100% ownership of new projects staked, and Cordex benefited from an NSR royalty.

Cordex operated as ALLEGIANT’s and previously as Columbus Silver Corp.’s, and Columbus Gold Corp.’s (ALLEGIANT was spun-out of Columbus Gold), exclusive exploration partner since 2005. During this period, dozens of projects were staked from prospecting and generative activities; about 34 projects were farmed-out to 21 companies, including Agnico, Barrick and Newmont; and more than 50 drill programs were carried-out by either Columbus, ALLEGIANT, or by their farm-out partners. In the first seven years of the Cordex relationship, the generative-JV business model pursued by the partnership was profitable, as a result of numerous option payments received from farm-outs and from the proceeds of property sales.

Cordex is considered by many in the mining industry to be one of the most successful gold exploration groups in the United States. Cordex was founded by the legendary John Livermore, who discovered the Carlin Mine in Nevada and a new type of gold mineralization that is now referred to as "Carlin-Type". The discovery of the Carlin Mine transformed the gold mining industry in the United States and perhaps the world. At the height of the Nevada gold rush, in 1974, Andy Wallace joined Cordex, becoming a full-time geologist in 1978, and eventually Manager of Exploration in 1985. Cordex is credited with an unprecedented nine gold discoveries in Nevada.

[boston127]

Unfortunately, I bought in @.07.

But, the volume is unconscious. Maybe something very good is up.

[boston127]

I started buying this week.

Only have 20K shares for now. I think I will call the company this week just to confirm the AS, OS, Float and various projects. This is a gold play in the USA. This could be very good.

[slickinvest]

Anyone here, this thing looks good$$