Company Updates From Management – Mon 1 Jun, 2020

O3 Mining – Recapping a $35million Bought Deal Financing, Marban PEA, and Option To Acquire the Aubrel Mill from QMX

Jose Vizquerra. President and CEO of O3 Mining (TSX.V:OIII) joins me to recap all the news over the past month. The Company has been busy restarting exploration, initiating a PEA on the Marban Property, signing an options to acquire the Aubrel Mill that is only 10Km from the Alpha Property, and entering a bought deal financing for $35million.

We discuss all of the news events and answer some of the questions that I received asking how the mill fits into the overall O3 strategy. There is a lot going on with O3 and now that the Company is back with drills on the ground news should be fairly steady through the rest of the year.

Please email me if you have any other questions for Jose over at O3 –

Click here to visit the O3 website for a recap of all the news releases we discussed.

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  1. On June 1, 2020 at 12:01 pm,
    Excelsior says:

    (MQR) (MRQRF) Monarch Gold offloads Fayolle to IAMGOLD for $11.5M

    Jun. 1, 2020

    “Monarch (OTCPK:MRQRF +6.8%) to sell Fayolle property to IAMGOLD (IAG +1.7%) in a stock and cash deal of $11.5M”

    “Deal consideration comprises of issuance of IAG shares of $9.7M, $0.3M in cash upon transfer of ownership of a parcel of land to IAG, and $1.5M in cash 90 days after the initial transport of ore from the Fayolle deposit.”

  2. On June 1, 2020 at 12:47 pm,
    Excelsior says:

    Metals Nearing Critical Momentum For New Parabolic Rally

    by @TheTechnicalTraders – Chris Vermeulen – 1 Jun 2020

    “While the US stock market has rallied over the past 5+ weeks, Gold has stalled near $1730 to $1740. We issued a research post suggesting the GREEN Fibonacci Price Amplitude Arc was acting as major resistance and once that level is breached, we expect a big upside move in Gold. Currently, Gold has reached just above the Green Price Amplitude Arc and this week may be a critical moment for both Gold and Silver in terms of a momentum base.”

    “Gold has continued to move high in a series of waves – moving higher, then stalling/basing, then attempting another move higher. This recent base near $1740, after the deeper price rotation in February/March, confirms our 2018/2019 predictive modeling research suggesting that $1750 would be a key level in the near future. Part of that research suggested once $1750 is breached, then a bigger upside move would take place targeting levels above $2400 – eventually targeting $3750.”

  3. On June 1, 2020 at 1:42 pm,
    buzz says:

    My portfolio already parabolic

    • On June 1, 2020 at 4:11 pm,
      Excelsior says: