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Volcanic Gold Mines Inc T.VG


Primary Symbol: V.VG Alternate Symbol(s):  VLMZF

Volcanic Gold Mines Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties, focused on building multi-million-ounce gold and silver resources in under-explored countries. The Company has a 60% interest in two highly prospective gold-silver projects in Guatemala: Holly deposit and Motagua Norte project. The Holly deposit is an advanced-stage, high-grade gold-silver deposit with demonstrated underground mine potential. The Holly property straddles the regional Jocotan Fault which forms part of the 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Motagua Norte project has a bonanza-grade gold-silver quartz vein system. The Motagua Norte project covers an area of over 86 square kilometers (km2) land position. The Cirilo 1 exploration license covers an area of over 13.5 km2 and includes the Mila gold anomaly. The 72.68 km2 is under application for exploration licenses.


TSXV:VG - Post by User

Bullboard Posts
Comment by MrGRPon Jun 04, 2014 5:29pm
379 Views
Post# 22631018

RE:RE:RE:RE:bankruptcy?

RE:RE:RE:RE:bankruptcy?
yes and I find it unlikely that Eric would have got involved to the extent he did without knowing how it would play out, but again you never know.

I think something here is happening for a reason or a play is being made, I am not sure how things happen in this size a default, I doubt DB wants the company, they have their own headaches right now. Do they still go to sentlement conference board ?

It will indeed be interesting to see how this plays out .... who is manipulating who or could it be as it seems. I don't see much sense in DB doing this for any other reason, maybe to bring someone back to the table etc. But if VG goes down, they lose big time as well.

There were over 3.25 M shares sold today, but also over 3.25 shares bought by those willing to play the gamble, it could be a good one or not, no guarantees in the market.

Will be interesting as you say and yes they have climbed out of some BIG holes before but will they again ... scary times for a shareholder but interesting to say the least. Personally I think a play is being made, but like you say, we will see Monday.

Best of fortune to all .... Gerry
Bullboard Posts