RE: Warrants anyone? PIcked up more shares today.
Latest from Calandra re: GCM--
I am on Saturday off to Segovia to see Gran Colombia's (GCM) operations in upper Antioquia. As already stated here, I do not own GCM shares. I am tracking the community relations, toll mining, hospital building and other social spending initiatives at GCM's El Marmato and Segovia projects. I will be the first, after five years of Colombia visits (2o and counting now), to tell you exactly what is going down in these gold and silver producing regions of what once was Latin America's largest precious metals producer.
Last whisper: Gold Fields of South Africa takes over GCM's El Marmato, freeing GCM to make good on its projections for increased production of gold at Segovia and a dramatic decrease in operating costs.That is entirely and purely personal speculation,
GCM's team, led by Maria Consuelo Araujo, who is with me and several high-powered analysts from North America, already has put in place a nearly completed hospital at the tortured mountain of landslides and mercury use/abuse.Mike Davies, GCM chief financial officer, notes El Marmato has 14 million gold ounces in resource, some 90 percent of that measured and indicated ... and 90 million ounces of silver.
"No other company I know of has two projects that are in production, have more than 1 million ounces in resource and trade for less than $1.25 billion," he says, The second is Segovia, one of the world's top 10 producing mines by grade (13 grams/tonne). If I like what I see tomorrow at Segovia, the old Frontino mine and other assets, I will be buying next week,