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saturn_five

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saturn_five

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Thursday, 07/09/2020 7:43:58 PM

Thursday, July 09, 2020 7:43:58 PM

Post# of 71
Financing/Bought Deal at about $1.88 USD. Major dilution brings PPS down; however, development of ARNGF's premium assets (Magino and Ana Paula) is essential for future success.
Magino project (Ontario) is adjacent to Island Gold Mine, which is a crown jewel for Alamos Gold, Inc. (AGI).
(Alamos market cap is aboot $4 Billion USD, and AGI's current cash dividend is partly sustained by production from its very profitable Island Gold Mine. )
Looks like ARNGF will raise at least $81 Million USD in this latest bought deal (?)
glta
ARNGF
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