RE: STARTING OVER (out with the old, in with the new INVESTORS)Thank you 2008run. Though you did take some shots at Frank, I think you were fair in your assessment of the unbelievable opportunity for shareholders to make huge gains by currently buying and holding shares in GGM. I'm salivating for the release of the assay results from the spring 2018 drilling campaign. Additonally gold may be running up, which would provided a 3 found boost to the share price.
2008run wrote: The reset button was pushed with the 1:8 Roll Back as another poster mentioned.
The longs who believed in the Gold Pour two years ago, have allowed their ROI sink deep in the red. They now have the advantage of knowing how the CEO operates and procrastinates "obtained the required permits to be a producer under its original rolling start program" which never happened from lack of financing with only a PFS.
On the positive side, the SP seems to have bottomed at $0.21 ($0.02625 pre RB) and has built a base suggesting little down side risk, like STARTING OVER AGAIN, as also observed by Ron Struthers:
Financials
At December 31st GGM had about $350,000 cash and loans of $1.5 million. The loans are in friendly or close hands and can be paid back in Gold at $US 800 per ounce so really Gold derivative loans. Since then GGM closed a $2 million over subscribed financing at 25 cents per share on February 9th. "(following1:8 consolidation @ $0.32)"
Summary
GGM plans on drilling other areas on their property that have seen very good historic results so there will be lots of drill news in the coming months. The Feasibility will be completed this year and GGM could be producing in 2019. If they can produce the 80,000 to 100,000 per annum as in past projections it would generate a lot of cash flow to eventually develop and mine the high grade underground.
What I like best about GGM now is the stock price and chart. Like most Gold stocks, the bear market bottom was in late 2015 and it is simply a gift that we can now buy just above that level and below the recent 25 cent finance price. There is also strong support on the chart at current prices.