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Bullboard - Stock Discussion Forum Goldquest Mining Corp V.GQC

Alternate Symbol(s):  GDQMF

GoldQuest Mining Corp. is a Canada-based mineral exploration and development company. The Company is engaged in the identification, acquisition and exploration of mineral properties. It is focused on gold and copper in the Dominican Republic. Its projects include Romero and Tireo. The Romero project includes its Romero and Romero South deposits, which are located within the La Escandalosa... see more

TSXV:GQC - Post Discussion

Goldquest Mining Corp > Mining friendly myth
View:
Post by goldenrivit on Feb 07, 2023 9:51am

Mining friendly myth

There was great hope by mining investors that Luis A who ran on the mining friendly agenda and won the election was going to follow DR law with regards to permits.But ABX and GQC have yet to get permits to exploite and expand PV with no date in sight to see them issued.GQC has seen it treasury shrink by $4 million during the change in govt from the corrupt Medina gov.Now the company has only tow routes to bankrptsy 1) arbitrate or 2) not aritrate and become a life style company and issue the rest of the treasury over a few yrs to pay salaries for managements life style until the cash is all gone and then file bankruptsy.NOT GOOD!Never invest on hope!
Comment by dmocnik@gmail.com on Feb 08, 2023 6:47pm
GQC was a good bet at the time! Without risk there is not much gain! GQC is not dead yet!