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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 Jun 22, 2022 3:41pm
152 Views
Post# 34775019

RE:RE:2021 NPV $177M US (5%)

RE:RE:2021 NPV $177M US (5%) Hey, Windtalker.  I hope you're doing well.  I did send in a note to GMTN IR a few days ago, but it was unrelated to the share price performance.  I rarely communicate with them but when I do it takes a few days for them to respond, and I'm sure they are getting inundated right now with communications.

Wrt any class action, what would the justification/reasoning be?  They did a raise back in April, the stock has cratered since then due to no real material change in company operations.  Just because the stock price goes down, it doesn't mean a class action is warranted.  The stock price has even exceeded my expectations to the downside, which IMHO is a fantastic opportunity.  

I just picked up 6k more shares at .27, with the additonal 4k shares still on the bid here in the U.S.  It would be nice to have a communication from the company that the volatility in the share price is not due to the company being aware of any material changes, however, I'm happy to accelerate my purchases as it gets closer to cash value and don't need that reassurance.  They are all very invested with their life savings, so I just want them to focus on the business. The Value is still in the ground, and this is an amazing opportunity.  All the best,
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