Greencastle Resources Ltd V.VGN

Alternate Symbol(s): GRSFF

Energy Oil & Gas E&P

Greencastle Resources Ltd. is a diversified company. It has interests in gold and base metals exploration and oil and gas exploration and royalties. It also has strategic investments in other companies. Its segments include investments in private and public companies, oil and gas interests, and mining interests. Its investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment is comprised of its oil and gas interests. The mining segment is comprised of its mining interests in Canada and in the United States of America. It has a royalty interest in one oil and gas property in Alberta. It holds royalty interests in wells located in the Spirit River area, north-west Alberta, and the Primate area in Saskatchewan. It also holds interest in the Jewel Ridge property lease. It holds a 50% interest in a 95% interest held by Criterium Energy in a quarter section of land in Alberta, called the Ferrier Project.

TSXV:VGN - Post by User

Greencastle Resources Ltd

Bullboard Posts

Post by JR5on Feb 21, 2009 1:05pm

265 Views

Post# 15795132

Reading between the lines

The options being considered include, but are not limited to: sale of the gold assets, joint ventures, adding new gold projects to complement and build the portfolio and corporate restructuring of assets including a possible spin out of the gold projects.”

Greencastle also reports that the Company, through a series of public transactions, has acquired 362,000 common shares of Vistior Capital Ltd. (TSXV symbol “VCL.P), representing 12% of the basic issued and outstanding common shares of Vistior. These transactions were made for investment purposes, and Greencastle may increase or decrease its investment in Vistior, depending on market conditions or any other relevant factor through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise..

My view of the crystal ball-

You are about to see how to drill a gold property currently held by GVN by another company with the other companies money and with maximum benefit and leverage to both companies. That's why when the latestest news came out I increased my position ten fold. I can't resist when management says "or otherwise".

Cheers,

JR.

Bullboard Posts

The top 5 Canadian small-cap AI stocks