CONFEDERATION MINERALS: New name and share price fireworks!

Free Issue #14 02/07/2020
It's been a little while since we last wrote about Canadian mining company CONFEDERATION MINERALS on January 30, 2020.January 2020 we last wrote about the Canadian mining company CONFEDERATION MINERALS, but it' s also been a long time!But since June 18, the company is now called TRILLIUM GOLD MINES! As usual, you can find the data on the stock at the end of the commentary. Unfortunately, it is not obvious why the company has changed its name. However, TRILLIUM GOLD MIN ES has made an acquisition (Wawa Gold Camp) for which capital was raised. On the new homepage there is still no information about the finances and about older projects! It must be assumed that this is related to the changeover.The old CONFEDERATION MINERALS has been active on the capital market several times since the beginning of the year and has raised a few million to the exclusion of existing shareholders; the stock was diluted accordingly.At the beginning of the year, in February, the company made a reverse split (2 old shares gave 1 new share). This reverse split was done for the new investors to give the almost worthless stock a higher value. As the number of shares halved, our price target doubled to CAD 20, which seems absolutely out of reach! We therefore leave the price target at a still high CAD 10! However,the " new" TRILLIUM GOLD MINES has caused a firstshare price price fireworks since March; at the peak, the price was able to "multiply" by an impressive 5-fold!

Due to the Corona crisis, the economic consequences and the low interest rates, the gold price should remain in the favour of investors and help the share of TRILLIUM GOLD MINES to continue the started high flight. The stock is very speculative and only suitable for investors who are willing to take risks !

TRILLIUM GOLD MINES is listed on the TSX Venture under the symbol TGM, the security number is 55'478'682, last price approx. CAD 0.93

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