Golden Lake Exploration Inc C.GLM

Results

[Stockdeals]

Will there further drill results or we done here ?

[newcoin]

Lots more results to come. We've barely started. We've only seen the first three holes of a program that will go on all year.

[lifegoeson]

Stockdeals, futher results or are we done here, this hasn't started yet. GLM has $10M in the bank and Sprott is circling like an eagle ready to drop down on its prey. This was financed at $0.40....!!!! It is the summer when great deals are made and positions are built, don't buy at high prices in the spring when you can buy at dirt cheap prices in the summer. For those of us accumulating a

[newcoin]

Actually, financed at $0.45.

[PonyBoyOutsider]

Correct Newcoin! And further: there is now only 8M in the bank! 

[newcoin]

Lots of money. I'm anxious to see the next set of drill results. This really is a fantastic thing that I bought into and I'm so excited about where it's going to go. At these prices can't go bad and I am certainly buying more and pleased.

[PonyBoyOutsider]

Yes, GLM is in pretty good shape! And I really believe they are being wise with the money too, (not being wasteful), so I think it's being stretched out and maximized to its full potential. I was really bullish in and around June 1st when I sold a house (and with the thumbs up from my wife.....) put it all in at an average at .46. Too bad I didn't hold off a bit, But that's how she

[newcoin]

What type of information is contained in an 'estimate'? I'm not familiar with the process.

[PonyBoyOutsider]

Newcoin, I'm not totally an expert in the field, but I believe what we'd be looking for eventually here is a Preliminary Reserve Estimate, which would be based on the drill program delineating the deposit we're chasing. (We need to know what we have here....) Anybody else, know more regarding the phases of progress as drilling proceeds or winds up later this season, please shout out

[newcoin]

Okay, that information would be very valuable. I'm not well versed on these plays. In fact, this is the first one I've really been involved with. I'm not certain of the terminology or standard procedure. I don't know what timelines to expect? Is the company going to give updates all along? The s/p is low because we've received no information for a while. Investors sell and move

[BlueChipper2020]

Newcoin,  You need to talk to someone about junior mining and investing in such. Nothing in your post is on track and I cannot type a 5 page executive summary here. You should probably not be investing if you have no idea what you are invested in. Good or bad. There is no guarantee of anything here just an exploration play with good POTENTIAL. That potential will not be revealeed in some

[PonyBoyOutsider]

BC - Initial Resource Estimate is what I was referring to.  Preliminary Reserve Estimate / Initial Resource Estimate was same thing in my mind. Although, I may have missed on a technicality. I've always just called it Preliminary. Regardless, I guess leaving it as "resource estimate" simplifies that issue. I was told by the company that they are aggressively attempting

[BlueChipper2020]

PonyBoy, Noted. However a resource estimate by y/e is 100% no chance. They need to do a lot of drilling and have only 3 holes released so far. Also you can drill all the holes you want however that still doesn't mean you can do a resource estimate if you do not have the goods. So the short term story here is not based on a 43-101 at this point, rather good drill results??? We need a lot more

[PonyBoyOutsider]

I agree with you on the timeline BC. And, I wasn't looking for insider type information from ME, I was more interested in some general information about the company, which they can talk about. Most other companies I've owned, either have an investor relations position, or a very reachable executive team that are ready and willing to build a bit of a relationship with the ones who are