RE:Gran Colombia Gold Interest in Sandspring Resources Changes
thats the point.. GCM is grabbing cheap shares of SSP ..they invested a few million $$$ and are at 19,45% ownership of a multi million oz-deposit and can reach 30% with a few more $$$$ ... the same with Western Atlas ... the Venezualian Assets are woth ZERO now ... GCM alredy invested 1 million $ in this company via PP and will get additional 59 million shares at the cose of the asset-deal .. Western Atlas already is at 10cent per share..with 70 million shares ownership of WA.V this makes 7 million$ asset creation at the balance sheet ..and this company will be worth much more if politics in Venezuela gets the corner...
remember! the Venezuelian assets (Medoro) curently are valued with ZERO at GCM's balance sheet ... a rise of WA.V to 30 cent will create appr. 20 million$ in assets for GCM shareholders without a single drilling hole or developement! ... thats why this deal is a good one!
GCM bought into SSP.T at near 20 cent per share ..now its at 40 cent ... next quarter the balance sheet will show a nice profit from this investment ..additional to the superb operational results...
GCM is woth minimum 500 million USD at current stage! sum of all parts....