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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district exploration property (Los Ricos), which includes two projects approximately 25 kilometers apart - Los Ricos South (LRS) and Los Ricos North (LRN), which are located in the state of Jalisco, Mexico. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha. The Los Ricos property is made up of 45 concessions and covers over 25,000 hectares, which is located roughly 100 km northwest of the city of Guadalajara and is easily accessible by paved road.


TSX:GGD - Post by User

Comment by BuyHighSellLow8on Dec 19, 2023 12:17pm
156 Views
Post# 35791904

RE:At est 1.25SP in Sept, execs buying was muted

RE:At est 1.25SP in Sept, execs buying was mutedIMO mgmt. team has been transparent & forthcoming throughout the project. Insiders pockets have a bottom to them as well, and candidly, I'm sure they did their best to 'time the bottom' as well as any of us have been.

Juniors have had a brutal year with the Bears firmly in control. 

GGD's NPV based on inferred/indicated is 2.25-2.5 times less than current Market Cap.

Likewise, they have a nice chunk of cash, are basically debt-free for a junior, and established production with synergies from Parral set to reflect on the books soon.

Agreed it's not inspiring, but we've only got 6.5 more days to get through until, I believe, we'll see the beginning of a sustained upward trend. GLTA!!! 
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