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Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Metals & Mining Gold
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

Gold Mountain Mining Corp
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Post by GoldenPolarBearon Nov 17, 2024 4:30pm
88 Views
Post# 36317303

Ronald Woo!In what regulated universe does this make sense?

Ronald Woo!In what regulated universe does this make sense? "...This company needs to be renamed Hocus Pocus. In April 2024 they have 88M shares at 4 cents for a market cap of $3.5M plus a large amount of debt. They issue shares for debt at a steep discount of 3/4 of a cent then do a new financing with the same debt holder at 3 cents thereby artificially increasing the market cap to $27M. Then they do two convertible debentures but continue to burn through cash. Now they have a market cap of $44M. In what regulated universe does this make sense? ..."

https://ceo.ca/GMTN

Sorry, Ronald I forgot you resigned! Why exactly?

https://finance.yahoo.com/news/peter-schiff-says-gold-could-113200913.html
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