Is AngloGold Ashanti (AU) Preparing to Bid for Augusta Gold (TSX: G)?

It is a 100% fact that Augusta Gold (TSX: G)’s assets in the Beatty Gold District are worth more than G2 Goldfields (TSX: GTWO). Whether or not AngloGold Ashanti (AU) is freeing up cash by selling its GTWO shares to make bid for G we will see. Our gut feeling is… yes, but it doesn’t matter because Augusta Gold (TSX: G) share price is going up and up big under ALL scenarios!

GTWO’s market cap is $666 million, Augusta Gold (TSX: G) has larger measured & indicated resources and it is 95% oxide gold for low cost open pit mining and heap leaching. Nevada is the #1 best jurisdiction in the world. Speculators bought GTWO because they believed AU was going to acquire the company… wrong. AU tricked everyone and sold their shares for huge profit. Why would they publicly buy shares in open market of company they are going to acquire and drive the valuation artificially high? Augusta’s 2022 purchase of the fully permitted Reward Gold Project will be looked back at as the most genius acquisition in history.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President has purchased 232,200 shares of G and may purchase more shares. This message is meant for informational and educational purposes only and does not provide investment advice.