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GoldMining Inc T.GOLD

Alternate Symbol(s):  GLDG

GoldMining Inc. is a mineral exploration company. The Company is focused on the acquisition, exploration, and development of projects in Brazil, Colombia, United States, Canada, and Peru. It controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, United States of America, Brazil, Colombia, and Peru. Its segments include U.S. GoldMining and Others. Its projects include Titiribi, La Mina, Yellowknife, Crucero, Nutmeg Mountain, Sao Jorge, Cachoeira, Yarumalito, Surubim, Boa Vista, Batistao, Montes Aureos, and Trinta. The Titiribi project is located in the Mid Cauca Belt of central Colombia. The La Mina property consists of two concession contracts and two concession contract applications covering 3,210 hectares. The Yellowknife Gold project is comprised of several properties (Nicholas Lake, Ormsby, Goodwin Lake, Clan Lake and Big Sky) that cover portions of the Yellowknife Greenstone Belt from 17 to 100 kilometers north of the town of Yellowknife.


TSX:GOLD - Post by User

Bullboard Posts
Post by carinthianon Dec 15, 2014 9:58am
230 Views
Post# 23230554

2.5mio PP

2.5mio PP
https://www.brazilresources.com/news/index.php?&content_id=127

95mio shares fully diluted now... a full warrant is not nice and I couldn't find in the press release what term the warrants have. Merry Christmas to Katusa and RR! ;-)

At least the PP is not that huge to dilute too much and not that small so that no work can be done on the projects although for what they write they want to do I am not sure if 2.5mio is enough given 300k of Working Capital end of August and G&A of around 1mio$ a year...

Hopefully they will be able to make some progress over the comming 12 month as I personally would not be willing to take more than dilution to 110mio shares (fully diluted) with the current status and  keeping your institutional investors happy by giving away a full warrant at these prices...

Would be nice to get an overview what has happened with the 5.5mio they raised last year as I read only 3 news releases that are resource related over the last 12 month.

I trust Adnani and Katusa/Rule wouldn't put their money here if they aren't convinced but as a small retail investor you usually the one left behind...

At least we now know why there was pressure on the shareprice. Easy to sell at 0,6-0,7 when you know that you get your shares back for 0.55 with a full warrant, isn't it?

Just my personal thoughts. DYODD
carinthian

Bullboard Posts