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GGL Resources Corp V.GGL

Alternate Symbol(s):  GGLXF

GGL Resources Corp. is a Canada-based junior exploration company. The Company is focused on the exploration and advancement of under-evaluated mineral assets. The Company’s projects include McConnell Copper- Gold, Gold Point, Diamond and Royalties projects. The McConnell Creek Project is located over 400 kilometers (km) northwest of Prince George and 22 km southeast of the Kemess open pit copper-gold mine in British Columbia. The property covers over 8,700 hectares of mineral claims. The Gold Point Project is located approximately 26 miles south of Goldfield, Nevada. Its Diamond projects include Stein, Zip, Bishop and Rhombus. The Company holds diamond royalties that are approximately two to 15 kilometers from the Gahcho Kue diamond mine in the Northwest Territories. The Providence Greenstone Belt (PGB) Project is located approximately 250 kilometers northeast of Yellowknife in the center of the Slave Craton. The Company’s wholly owned subsidiary is Pointer Inc.


TSXV:GGL - Post by User

Bullboard Posts
Comment by newcomer21on Jul 15, 2003 12:11pm
233 Views
Post# 6244734

RE: Importance of GGL to MPV

RE: Importance of GGL to MPVLet's be very clear about GGL. It is a super speculative stock and not something to put alot of money into. The people who control GGL are the "bottom fishing" type of investor and are just as interested in "mining" for expired claims and geo-physical data as anything else. DeBeers is opening up the Snap Lake mine which was purchased for a song from Winspear. I got taken out as did eveyone else at less than fair value, IMHO. DeBeers is no slouch in this game either and will just as easily let their partnership evaporate with GGL if they change their direction. Caution is warranted. With $600,000 of working capital, you can expect that the recent rise in share value will be followed by a PP and further dilution. This is not a buy and hold. If you make 30 percent in a few days be glad and take your profits.
Bullboard Posts