OTCQX:GLVMF - Post by User
Post by
arh0070on May 29, 2017 11:31am
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Post# 26295884
annual report
annual reportThe annual report for gzz has just arrived in the mail. It illustrates how complicated the affairs of gzz are .They have many claims and unexplored properties which are all basically valued at zero since the company is valued at less than its stake in Abitibi .I have no idea how glen Mullan keeps it all straight since its fingers are in so many pies .The long term potential is enormous .clearly they are shifting strategy from exploration of their own properties to joint ventures and retaining share holdings and royalties in the companies they do business with .In many ways it would make sense for them to sell some Abitibi shares to a friendly investor and buy back their own shares .I am not sure if there are activist investors in the small mining space ,but if there are gzz is a great buy .Clearly in their stable of properties there are several gold mines like cheechoo etc .Wouldn't be surprised if Sirios isn't taken over ,its so cheap right now .