CANDORADO OPERATING CO V.CDO

CDO has improved its wealth 1300%

[wildman2]

Listen, I am getting a little tired of this stock price not moving, so here it is in black and white for you.

Only part of it, as I am not at liberty to say all of it, but this is out there in the public already, so I can share it with you.

This is from GGRI news release on Tuesday. 

Greenwood Gold Resources, Inc. Announces Purchase of Summer Lake Property From Candorado Ltd.

27 Jun 2011 - ACQUIREMEDIA

PALM CITY, Fla., June 27, 2011 /PRNewswire/ -- Greenwood Gold Resources, Inc. ( OTCBB-GGRI ) and ( OTCQB_GGRI) has purchased  a 100% working interest Option from Candorado Ltd. in Calgary Alberta as previously announced in its 8K filing. The property is located in the Quesnel Terrane and the exploration target is an Alkalic copper-gold porphyry deposit.

About the Summer property:

The 955 hectares Summer property is approximately 20 kilometers east of Lac La Hache, in the Cariboo region of south central British Columbia. The property area is within a portion of the Quesnel Trough, an Upper Triassic to Jurassic volcanic arc sequence.. The geology, alteration and mineralization on the Summer property suggest it is underlain by a porphyry related copper/gold system with potential to develop a porphyry copper/gold or skarn deposit.

The first part of the option agreement, Greenwood Gold Resources is required to complete a $350,000 exploration program and pay $150,000 cash to the company in order to earn the 40% interest  within 6 month of the option date. The 6.144.975 Common shares have already been issued to Candorado as part of the agreement Greenwood is planning for an updated technical report and ongoing geophysical, geochemical surveys and drilling.

So CDO has a market cap of 2 million dollars and they basically have 2 million dollars right here in this bloody agreement.  They have in their hands 6.15 million shares of a company trading at this moment at 12.3 cents.

Here is the math for you.  755 thousand 813 dollars right there for CDO. 

Add that to the 150 and the 350 thousand and you almost have the CDO market cap in cash. 

And the Summer property was just a small portion of the Murphy Lake property and they have 5 other properties.  And I am telling you that Murphy Lake is going to get another JV. 

Hey, I am not trying to sell you a load of goods that you can't see.  It is all right there in GGRI's news release. 

[wildman2]

Pardon me, I forgot to say why CDO has improved its wealth 1300 percent this week.  Because GGRIs share price was 1 cent to start the week and has been as high as 14 cents this week, so in that regard, owning over 6 million shares, that is the percentage gain of 1300 percent for CDO in its GGRI shares.  Please don't ask me why the market has not caught on to this because I have

[wildman2]

Oh look, GGRI is up another penny to 134cents.  That is another 67 thousand dollars in the CDO bank on their 6 million shares. Let's see how much they have gone up this week as a result of the over 1.2 million dollars cash they've put in the bank thanks to the JV with GGRI?Oh! Nothing.  That makes sense.

[wildman2]

The irony here too is, of course, that CDO should be the company up 1300 percent in share value and GGRI up 20 percent.CDO optioned only a small part of Murphy Lake with the Summer Property JV with GGRI.  The large property is still Murphy Lake in a copper-gold rich area.  GGRIs purchase amounts to a mere percentage of what CDOs wealth is. And one final note before I go to work