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Goldgroup Mining Inc V.GGA

Alternate Symbol(s):  GGAZF

Goldgroup Mining Inc. is a Canada-based gold production, development and exploration company. The Company is focused on exploring and developing production from its two assets: San Jose de Gracia in Sinaloa and Cerro Prieto mine. San Jose de Gracia project, which is in the northeast portion of Sinaloa State, Mexico, approximately 120 kilometers (kms) northeast of the coastal city of Los Mochis, straddling the Chihuahua border. The property consists of approximately 34 mineral concessions covering approximately 69,000 hectares. The Cerro Prieto Property, located in the Cucurpe Mining District, Sonora, Mexico, is comprised of the San Felix (205 ha), San Francisco (10 ha), Elba (5.82 ha), Huerta de Oro (20 ha), Reyna de Plata (9.79 ha), Cerro Prieto North (2,508 ha) and Argonauta 6 (4,120 ha) mineral concessions. The Cerro Prieto Property is 52 road kilometers from the regional center of Magdalena de Kino and approximately 150 kms northeast of the City of Hermosillo.


TSXV:GGA - Post by User

Comment by StanOson Jan 12, 2023 7:33pm
188 Views
Post# 35219920

RE:RE:Strange Game.

RE:RE:Strange Game.I have done some research on Goldgroup.  It has had more insiders than a Nevada chicken ranch has walkins. Some of the past directors and officers of GGA have impressive CVs, and there have been a series of coups turning over managment. It was once a succesful explorer that was on its way to becoming a mid-tier producer. But since about 2013 it has not been impressive.

Could not help but notice that there is noone on the current board who is a miner or explorer. All are finance people. The current CEO-CFO is only person on the "management" team. He does not appear to hold any shares in GGA and is the CFO of a dozen other insignificant juniors.

Who is the wizard behing the curtain?

Looking at the financials, I just do not get it. I am clearly missing something. I can´t see the justification for unsecured low interest loan and the private placement. The people finaincing clearly have the sence of something that is not common public knowledge.

Is there something big like winning back San Jose de Gracia through NAFTA arbitration? Is there a new resource at Cerro Prieto? they ahve never published drilling results. Are they about to merge with Sonoro and put Cerro Caliche into production? These are just gueses.

Have fun, GLTA


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