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Granada Gold Mine Inc V.GGM

Alternate Symbol(s):  GBBFF

Metals & Mining Gold
Granada Gold Mine Inc. is a Canada-based junior natural resource company. The principal business of the Company is the acquisition, exploration and development of mineral property interests. The Company is engaged in developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which is adjacent to the Cadillac Break. The Granada Gold Property is located five kilometers south of the mining community of Rouyn-Noranda, Quebec. The property includes the former Granada Gold underground mine. The Company owns about 14.73 square kilometers of land from a combination of mining leases and claims. The Granada deposit is a quartz-vein mesothermal gold deposit hosted by late Archean Timiskaming sedimentary rock and younger syenite porphyry dykes.


TSXV:GGM - Post by User

Granada Gold Mine Inc
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Comment by tomgraniteon Sep 15, 2017 5:28pm
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Post# 26703397

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:new article

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:new article
Andyc23 wrote: you really think weve stayed alive through the down-turn, that we can't now fund a FS for $1 million, after raising tens of millions through the life of this project- worst-case dilutive financing is avail 4 this, and will be more than worth the dilution...yes i examine the financials every quarter, I am an accountant, so I probably understand them better than you...and this imminent risk of doom doesnt exist...the question only is how to proceed...


Actual facts as at 31st March 2017. 

Cash position $484k
Total current assets $995k

Total current liabilities $4,891k

Andy, I really am an accountant (CIMA), and that financial position to me is pretty dreadful. Please explain to the readers of this board why you think that all is well with GGM financial position.


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Dealroom for high-potential pre-IPO opportunities