Spur Ventures had a phosphate project in China and sat on cash and short term investments over $20m for the past 5 years as their project didn't progress.
Clearly cash is a rarity on junior balance sheets so Spur recently merged with Aussie listed Atlantic Gold who in turn have very slowly progressed a gold project in Nova Scotia. Today Atlantic announced a further acquisition of neighbouring properties, buying Acadian Mining from Singapore listed Liongold who in turn only purchased in October 2013 just after suffering a huge flash-crash in their stock from $1.56 to 20c, now trading at 6c. Atlantic's presentation declares further acquisitive intent.
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