Sassy Resources spinning out its Gander Gold Subsidiary
List of some, Gold Rush Claim companies in Newfoundland
Ten Under $10 For the Double Update.
The new company added to Ten Under Ten for the Double is a Nano Cap company, Sassy Resources (SSYRF)* $0.43.
- Only Buy with Limit orders.
- This is a very price sensitive stock to Big Orders and Market Orders so approach slowly.
- The company is a gold exploration company based out of British Columbia.
- They have no production.
- Sassy has claims in British Columbia and in Newfoundland, Canada.
- They have yet to produce drill results that prove up their land claims.
- This is a Speculative buy in every way shape or form.
- An account related to LOTM is following Eric Sprott by buying some of Sprott’s investments in Newfoundland.
Central Newfoundland Gold Belt becoming major gold camp, December 2020 – Resource World
What is LOTM’s interest in Sassy.
- We bought the shares at a higher price a few months back and have been dollar-cost-averaging into the shares since. Our average cost is about $0.55 per share.
- Newfoundland is the hottest gold rush area in the world, for staking gold claims. A true Gold Rush.
- New Found Gold (NFGFF)* $6.90 is the leader in Newfoundland in actually striking a significant discovery in gold drill results.
- Eric Sprott is a large shareholder in Newfound Gold. Since New Found Gold made its large gold strike in June of 2020, Mr. Sprott has been buying into dozens of claims in Newfoundland.
- Sassy Resources through its 100% controlled subsidiary Gander Gold, is the largest claimholder by acreage in Newfoundland. Mr. Sprott owns about 20% of the subsidiary, Gander Gold. Sprott is not an owner in Sassy Resources as far as I know.
- Sassy will spin out Gander Gold as a separate publicly traded company, prior to the end of 2021.
- We believe Gander plus Sassy as separate companies will carry a higher valuation than is currently represented in the current combined price within Sassy Resources.
- The market cap of Sassy Resources is tiny at roughly $20 million USD. Be gentile when buying or selling.
Both companies (Sassy and Gander) have working capital for exploratory drilling. Gander controls property on both sides of New Found Gold’s discovery.
The combined price target for Sassy + Gander Gold once public is between 50% and 120%.
Time-line for this move is between Three-months to One year.
Some, Gold Rush Claim companies in Newfoundland
LOTM: Ten Under $10 for The double
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* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
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