Goldshore Resources (TSX.V: GSHR)
In an embarrassing episode recently, Goldshore loaded a restated 43-101 document to SEDAR, which included the hilarious side notes and comments written by GSA Global Consultants, the authors of the document.
This included the comment that Goldshore wanted to “remove the lake” from a cartoon showing their land position!
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| Goldshore Resources | TSX.V: GSHR |
| Stage | Exploration |
| Metals | Gold |
| Market cap | C$28.6 m @ 15c |
| Location | Ontario, Canada |
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Comment
I don’t normally do knee jerk reactions to company news, but after reading this embarrassing piece, I immediately sold out of my position.
The reason? My trust in management had dissipated completely.
After investing in Goldshore a fellow investor alerted me to the fact that the deposit was along and undereath a lake, which would mean extra environment issues to address before a mining permit would be issued.
I didn’t take too much notice until the company changed the name of the Moss Lake Project to the Moss Gold Project.
Clearly the lake was a concern, as the company felt the need to change the name to remove the reference to ‘lake’.
Now this incredibly embarassing revalation that the company uploaded to SEDAR their restated 43-101, complete with very damaging comments in the margin made by employees of GSA, discussing their various concerns in the report.
One of the side panel comments comes from the company, requesting GSA to “remove the lake from the map of the project”!
Other comments refer to missing data and GSA using and relying on data supplied by Goldshore!
This is truly a farce, amateur hour in Ontario, and reflects poorly on the company.
The renaming of “Moss Lake” to “Moss Gold”, and then a request to “remove the lake from the map”, clearly suggests an intention to not inform investors fully of the potential issues of the project location, in my honest opinion.
For that reason I’m out, as they say in the Den….
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Goldshore Resources ‘Disappears’ Moss Lake
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Goldshore Resources (TSX.V: GSHR) – In an embarrassing episode recently, Goldshore loaded a restated 43-101 document to SEDAR, which included the hilarious side notes and comments written by GSA Global Consultants, the authors of the document.
This included the comment that Goldshore wanted to “remove the lake” from a cartoon showing their land position!
Compare the two maps below!
To read an article with more details, please click HERE
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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Disclosure
At the time of writing the author holds no shares in GoldShore Resources
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