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Volcanic Gold Mines Inc T.VG


Primary Symbol: V.VG Alternate Symbol(s):  VLMZF

Volcanic Gold Mines Inc. is a Canada-based company, which is principally engaged in acquisition and exploration of resource properties. The Company’s projects include Holly project, Banderas project, and Motagua Norte prospect. The Holly project is located in eastern Guatemala in a terrain with gold-silver mines and deposits. The Holly property straddles the regional Jocotan Fault which forms part of the Motagua Suture Zone, 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Banderas Project is located in Guatemala and has a caldera and rhyolite dome complex with gold-silver-rich epithermal veins and breccias extending over nine square kilometers. The Motagua Norte has approximately 240,000-hectare land position. The Company’s subsidiary is Recursos del Golfo S.A.


TSXV:VG - Post by User

Bullboard Posts
Post by cnynmanon Mar 25, 2014 7:01pm
305 Views
Post# 22367025

Explain to me

Explain to meThese guys defaulted on a loan because of a three week mill outage related to a fire in December. Now, less than 3 months later, and with no restructuring of debt or influx of new money, they are down for another 3 week period for mill maintenance. 

Explain to me, please, how are they going to survive this shut down financially, when they couldn't pay their bills after a mill outage of similar duration less than three months ago?

They scare me, and something isn't right here. 
Bullboard Posts