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Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company considers itself to operate in a single segment, being the production of crushed ore, containing both gold and silver, mineral exploration, and development of precious metal resources. The Elk Mine is in south central British Columbia, Canada, approximately 325-km northeast of Vancouver and 55-km west of Okanagan Lake, midway between the cities of Merritt and West Kelowna and hosts a number of known mineralized zones which the Company continues to investigate, develop, and mine. The project consists of approximately 32 contiguous mineral claims covering 22,152-hectare (ha) and two mining leases covering 646-ha.


TSX:GMTN - Post by User

Comment by Theckman1on May 24, 2022 12:00pm
161 Views
Post# 34703841

RE:RE:RE:RE:RE:RE:RE:Management questionable

RE:RE:RE:RE:RE:RE:RE:Management questionable"Going out on a limb", "...my feelings are...", respectfully I don't invest based upon my feelings or guesses.  I do my homework and look for situations such as these in Gold Mountain Mining.  Let me summarize quickly what I see here:  I see a stock price 40% below their last financing (financing which was hinted at by the CEO prior), revenue being generated w/mgmt very clear about their production expectations, 65,000 oz of production in 3 years, resources expanding rapidly with blue sky potential for continued resource expansion (funded going forward by current revenue), $50M US market cap with over 1M oz AU, institutions controlling the price to accumulate shaking out weak holders, mgmt buying shares constantly on the open market and with sizable positions, and potential M&A or other growth opportunities.  

I'm here to debate facts, figures, potential, risks, etc.  All in a respectful way, and I certainly would listen to any feedback here beyond "feelings".  I'm here to make money and invest in a blue sky story with massive upside potential.  

To anyone, please debate and let's look at both sides of the coin (the good and the bad).  It sucks seeing the stock price where it's at today, unless you have cash and are willing to average in over time and be patient.  This will not move until the institutions want it to, in fact it may continue to slowly go down, but when it does move it will be very quick and volatile.

Lastly, I'm o.k. with the company compensating employees with options as it gives incentive to everyone to make the company succeed.  I'd rather options than RSU's.  Everyone with options has a stake in success.  

All the best,
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