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GIBRALTAR GROWTH CORP CL A T.GBG.A

"Gibraltar Growth Corp is a special purpose acquisition company."


TSX:GBG.A - Post by User

Comment by cigarsailoron Jul 02, 2010 9:55pm
674 Views
Post# 17240912

RE: RE: Announcement soon?

RE: RE: Announcement soon?You made a very odd post here.  It appears to me their expenditures to-date are in line with their projected CAPEX. 

As far as the share issue it was a pretty reasonable move to issue shares valued around $13 million in exchange for eliminating a mandatory $20 million work committment.  Now they own 100% of the Rusaf properties and can use revenue from production cash-flow to develop the 2 more advanced Tanzania Lake Victoria/Lupa Gold Fields deposits on their own timetable. 
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