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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
Comment by davey2018on Nov 03, 2004 9:18pm
203 Views
Post# 8130084

RE: Management

RE: ManagementProperties may look good, but you might want to take a closer look a the financing side of things. look at spending commitments on optioned properties. Also, burn rate since the 1.5 mil funding was delt..How much cash is left. Rumour has it, only about 500,000 is left. This suggest they will need to raise cash @ some point soon.. At the current price,.............One does not need to be all that verse to see what that means.. Dilution...Potential CONSOLIDATION.. (steal from those who supported this co. and now ..to BAD. If it was me, I would issue a number of options and find someone who has some basic since and strong connections and pay out based on performance.. Get the PRICE UP.. This looks more and more like those stocks that don't move up when the markets moving up, but will easily move down in a selling market.. So, please, before you suggest patients, take a more detailed look and think again...
Bullboard Posts