OTCQB:GTAGF - Post by User
Post by
99921on Mar 28, 2012 12:05pm
302 Views
Post# 19728089
San Diego Announcement
San Diego Announcement It looks like GOG and ECU/AUM would not be averse to selling San Diego if they can get a good price for the property. AUM is enagaged in a process of "monetizing" properties on which they do not plan to concentrate any investing or development activity and San Diego appears to be one of those. An updated resource report should be released soon showing, I hope, increased reserves at San Diego that might make it attractive to a larger miner with more money to spend. The GOG share price would probably do well if the property attracts buyers but the share price will probably languish if the market expects several years of more exploration to be financed from GOG's treasury. That would probably require selling shares and diluting the equity. All IMO.