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Granada Gold Mine Inc V.GGM

Alternate Symbol(s):  GBBFF

Granada Gold Mine Inc. is a Canada-based junior natural resource company. The principal business of the Company is the acquisition, exploration and development of mineral property interests. The Company is engaged in developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which is adjacent to the Cadillac Break. The Granada Gold Property is located five kilometers south of the mining community of Rouyn-Noranda, Quebec. The property includes the former Granada Gold underground mine. The Company owns about 14.73 square kilometers of land from a combination of mining leases and claims. The Granada deposit is a quartz-vein mesothermal gold deposit hosted by late Archean Timiskaming sedimentary rock and younger syenite porphyry dykes.


TSXV:GGM - Post by User

Bullboard Posts
Comment by don118on May 18, 2010 11:38am
265 Views
Post# 17109408

RE: Strength

RE: StrengthWhether through Anon or not, I think you are right re your hypothesis.
Another very interesting development which was already mentioned on this forum is  Osisko. Following is a post from the other forum:

This area is a hot bed
The Financial Post reports in its Tuesday edition the takeover rumours surrounding Osisko Mining escalated Monday after the junior gold miner unveiled a shareholder right's plan that would give it time to defend itself from any hostile bid. The Post's Peter Koven writes the move comes amid speculation that Osisko is a target. Osisko is about halfway through construction of the Canadian Malartic mine in Quebec, which will be the biggest gold mine in Canada. With expected annual production of 730,000 ounces a year and low costs, Osisko is an appealing target for large gold miners desperate to increase their production.That interest was confirmed last summer, when Goldcorp revealed that it owns a minority stake in Osisko. Goldcorp now controls 38.6 million shares, or about 11.5 per cent of the total, according to publicly available data. Osisko chief executive officer Sean Roosen has shrugged off all the takeover speculation so far. At the Canadian Malartic project, the company has pushed ahead with an aggressive timetable to production, which included a complicated relocation of residents. Osisko also cut a $382-million deal to acquire Brett Resources. Osisko shares closed down 33 cents to $10.51
Do you think someone is buying us up now?
Osisko is not just paranoid here. IMHO there are some snooping around and they have their ear to the ground. IMHO this does bode well for us. I can't believe that there are majors watching the area with more interest than usual. Now that Frank has let a few cats out of the bag during the interview, it would be very strange indeed if we were not under the radar with so much potential resource and also being so close to Osisko. My opinion of course.
regards and good luck. Close to 50 cents this week?
Don

Bullboard Posts