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Goldrea Resources Corp V.GOR


Primary Symbol: C.GOR Alternate Symbol(s):  GORAF

Goldrea Resources Corp. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. Its mineral prospects focus on gold, copper, silver, platinum, palladium, molybdenum, and iron as the major metals of interest. The Company holds interests in one resource property in British Columbia, the Cannonball Property. It holds a 100% interest in Cannonball Property, which covers 1510 hectares (ha), and is located approximately 15 kilometers northeast of the former Snip mine in the Iskut River district of northwestern British Columbia. The Company’s Adrian Property covers approximately 2,269 ha of mineral claims which adjoin the northern boundary of its Cannonball Project. Its other properties include Link Property and King Property. It also owns a 100% interest in two mineral tenures in the Golden Triangle of northern British Columbia. The two claim tenures cover about 71 ha that adjoin the west side of Goldrea's Cannonball property.


CSE:GOR - Post by User

Comment by splitcoreon Sep 08, 2010 4:47pm
348 Views
Post# 17426357

lilnev... think about this.

lilnev... think about this.
I don't know the legalities of many corporate statements but it bothered me when the CFGIIL deal involved the notion of someone new having control over either GOR or the China operation.  If you check the end of the Special Shareholders approval meeting you'll see what I mean.
So, in my limited view, the cancellation of this deal may be for the best.  Hopefully, the upcoming new deal won't require relinquishing control of the operations in China.
Also, I'm not sure whether the current trading activity is simply due to the jump in gold value or, perhaps, a slow returning interest in the company and it's prospects.  I hope it's the latter.
Finally, I'm not sure what I'm hoping for with GOR.  Is share value best increased by having new financing and the new shaft sunk and the milling of 2000 t./day?  OR, is a takeover what we and Larry should be hoping for?

Comments?????

Split.
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