CTGO’s Acquisition of DVS the Best in History?
What we meant to say earlier is: "Contango ORE (CTGO) shareholders are about to vote on approving the Dolly Varden Silver (DVS) acquisition! DVS shareholders vote one week from today!"
No results have been released yet for the CTGO vote. Our guess is: both will be approved but the CTGO vote only needs to be 50%+, for DVS it needs to be 66.667%, so the DVS vote matters most. It certainly won't be 99.9% approval like the Highlander Silver (TSX: HSLV) acquisition of Bear Creek even though we believe it will create equally as much value!
Remember, Kirkland Lake Gold's acquisition of Newmarket Gold wasn't immediately loved when it was announced, but it was a legendary deal that helped Eric Sprott profit over $1 billion.
The newly combined Contango Silver & Gold (CTGO) will own 30% of America's highest grade producing open pit gold mine and 100% of three of North America's highest-grade silver/gold projects… all very advanced with near-term development!
Contango Silver & Gold (CTGO) will be very similar to Kirkland Lake Gold and Lundin Gold (TSX: LUG).
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 125,000 shares of HSLV and can buy or sell shares at any time. NIA’s President has purchased 6,000 shares of CTGO in the open market and intends to buy more shares. NIA has received compensation from CTGO of US$80,000 cash for a ten-month marketing contract. This message is for informational and educational purposes only and does not provide investment advice.