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Grande Portage Resources Ltd. V.GPG

Alternate Symbol(s):  GPTRF

Grande Portage Resources Ltd. is a Canada-based mineral exploration company. The Company is focused on the Herbert gold discovery situated approximately 25 kilometers (km) north of Juneau, Alaska. The Company holds a 100% interest in the Herbert property. The Herbert Gold property system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The Herbert Gold project is an exploration stage, partially drill-tested, high-grade, gold mineralized mesothermal quartz vein system in the historic Juneau Gold Belt of southeast Alaska. The project lies prominently within the 160 km long Juneau Gold Belt, which has produced over seven million ounces of gold. The project consists of 91 unpatented mining claims, located 25 km north of Juneau and to the south of Couer Alaska's profitable Kensington gold mine. The property covers six parallel vein structures exposed at the surface.


TSXV:GPG - Post by User

Post by cincocincoon Jun 13, 2014 1:07pm
265 Views
Post# 22658151

GPG is a huge Piece of Shite

GPG is a huge Piece of Shiteyou are crazy if you think this stock is gonna fly.  its going to circle the toilet bowl and go down the tubes like the piece of S#!+  that it is.  This management is the worst.  Year after year after year I wait for them to do something smart, each year they stink it up even worse than the last year.  they pull salaries well, thats all.  they will continue to waste money on worthless properties until there is nothing left of this company.  then they will blame it on "market conditions"

this is from the latest MD&A:  NEED I SAY MORE?

At January 31, 2014, the Company had net working capital of $297,690 compared to $447,267 at October 31, 2013. The Company’s approach to managing liquidity risk is to ensure that it will have sufficient liquidity to meet liabilities when due.  As at January 31, 2014, the Company had available for sale 1,001,400 common shares Quaterra Resources Inc. (a public 
company) with a market value of $60,084, (cost - $706,868). The Company also holds 27,660 common shares of Lightstream Resources Ltd, having a market value of $171,769 (cost - $483,204) and 75,000 common shares of Auracle having a market value of $750 (cost - $22,500)

NICE JOB MANAGEMENT. another year goes by and you have eroded more and more shareholder equity. as always.

just my humble opinions.
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