Bountiful_Harvest
5年前
Not sure if Azteca Gold still has ties to any of this, but found they were mentioned in this 12/2018 LOI regarding the MARIETTA PROPERTY, NEVADA: https://sec.report/Document/0001654954-19-000143/0001654954-19-000143.txt
Azteca Gold at one time held a 100% interest in the Marietta property consisting of 156 patented and unpatented claims located in Mineral County, Nevada. The record does not mention Azteca is associated with this deal, as LOI is between MSM Resource LLC and Emgold.
The DD contained in the SEC doc link above did mention a "3rd party", for whatever that's worth.
Also noticed, in an online search, Matthew Russell, AZGFF's last CEO, has some fairly recent associations with these corporations: https://opengovwa.com/corporation/604206185
Just trying to put some dots on the board, where perhaps a connection can be made at some point.
Bountiful_Harvest
5年前
"If" they still have that claim, then yes. If I recall, the estimates of that resource alone, located at Two Mile (TWO) Project - had these shares valued at over $10+ dollars. It was that large and rare of a find. It was even in the town's local newspaper.
David Morgan (Silver-guru) actually profiled the company back then. If I recall, he visited the site, knew the CEO and the CEO's father, etc.
https://www.choosingsilver.com/david-morgan.html
Azteca owned several other properties and claims, etc. but the Two Mile project Silver Valley, Shoshone County, Idaho was the impressive discovery. It was the talk of the town, before they ran out of funds during their drilling operations, and CEO got in trouble.
Even as a shell, its worth more than this, with its beautiful share structure. And if for some reason that operation resumes, and those dry bones come to life, then our shares would be more valuable than gold.
Bountiful_Harvest
5年前
Its been so long since I looked at their past projects. This link sort of summarizes that CEO's challenges:
https://albertasecurities.com/-/media/ASC-Documents-part-1/Notices-Decisions-Orders-Rulings/Enforcement/2019/01/RUSSELL-Matthew-DEC-20120202-4096383v1.ashx
The Two Mile (TWO) Project, Silver Valley, Shoshone County, Idaho- was the talk of the town back then. They had drill results that were almost unheard of. A lot of the information being put out by the company was very true. But then CEO made some really bad decisions, in an effort to drum up capital, in order to complete drilling plan. When CEO mixed true statements with exaggerated misrepresentations, everything came to a screeching halt.
Bountiful_Harvest
5年前
As it stands, AZGFF is an abandoned shell with an attractive SS.
AZGFF is prime candidate for a "Custodianship" takeover. Right now its under the radar and shares are dirt cheap. "If" a party files a motion for custodianship of this shell, then everything would change.
As far as the mining interest, I have no idea what its current state is, or what claims/properties are still associated with this stock, if at all.
Years ago, the Two Mile (TWO) Project, Silver Valley was the game changer for this company. Long story short, they ran out of money while attempting to establish "proof of concept" (silver/gold resource) and the CEO got in trouble for trying to raise capital by forging lab results. Here's the kicker, that MEGA-HUGE silver resource associated with that project is real, and still in the ground. I talked to a friend that was there. Had they been able to prove up that resource, the stock would have been worth dollars. So many years have gone by now that I have no idea if AZGFF still has claim to it. Looks like an abandoned shell ripe for new custodianship. Either way, I'm holding my shares.
Google: Two Mile (TWO) Project, Silver Valley Azteca Gold
Bountiful_Harvest
5年前
At this point, I consider it a very attractive abandoned shell, that potentially could change custodianship, however "anything" could happen with AZGFF. At the current share price, its worth having a few shares tucked away, until something does happens.
I do know the silver/gold resource they were in process of detailing was so huge, that a buyout would have likely occurred, had they been able to prove up that resource. Management took some unethical short cuts that backfired on them. I had "boots on the ground" information, that the resource was for real.
David Morgan, world renowned silver expert, actually profiled this company many years ago, before their CEO got in trouble for taking short cuts, in a desperate attempt to obtain needed capital to continue operations.
Share structure is impressive given the bargain basement share price.
Bountiful_Harvest
7年前
AZGFF - Potential Reverse Merger candidate. Did some more research on this company. Several years ago, the company started out good, but at one point, CEO, Matthew Russell fabricated drill results, which resulted in some serious problems for him, and ultimately lead to the demise of the company, along with their funding. He hasn't been seen or heard from since. They have no funds for anything. This stock has been dark for several years now. The company no longer exists at the address. The phone number is no longer any good. Website no longer exists and no response to emails. The company is essentially dead, however we do have an attractive shell, primed for a takeover.
I originally thought there was a slight chance operations may be renewed, or its mining properties had value, thus I threw a few dollars into this at the trips level. Now it looks more like an RM target. Share structure is attractive.
Bottom line: AZGFF has abandoned its shareholders, thus making this a prime stock for a Custodianship motion. That appears to be the play here. Owning shares of this prior to an entity filing an application for Custodianship places you in better position than anyone else. First in line at rock bottom price. Risky but could pay off big.
All my opinion here.
Bountiful_Harvest
7年前
Even though Matthew Russell may not be involved with Azteca any longer, or as far as I know, and which may be a good thing, they still own property/claims in very strategic gold/silver districts. I'm hopeful some sort of deal will be made.
Holding my shares here that were all acquired for less than 1/4 of a penny...
Long shot here, I know, but if it hits, I'm rich!!!!!!!
Bountiful_Harvest
7年前
That somebody was me. I just bought a few shares and I won't be buying anymore for now. I used to own this stock when it was trading around 40 cents and sold for a loss. I had pretty good information on this company back then. The TWO MILE project is what really had people excited when it had it's last run up. The company had good management. I communicated with them a few times and they tell it like it is, good or bad. They were met with some major challenges in trying to pinpoint what I call a huge mother lode of silver. Long story short, they ran out of money, prospective drilling ceased and the project has been moth balled ever since..
Fast forwarding to now... I noticed the stock trading at almost zero. No one likes this stock anymore and most have pretty much lost interest in it, and forgot about it. I figure what the heck, I'll put a few dollars back in it. I took a big loss on it when the TWO MILE project was suspended.
My hope is that AZGFF will be resurrected and come back to life.
I think if it does, it will be associated with the TWO MILE project. A silver rally going into next year might help too.
Hope your investment here works out well for you.