Golden Goliath is Dirt Cheap GNG TSX.V

This stock is bouncing off new lows and I plan to start accumulating. I got under the skin of Pinnacle posting my preference of GNG over Pinnacle featured company CSL and probably because I fired a shot across the  bow of  Pinnacle's advitorial and advertisers do pay the bills, my inappropriate comments were quickly removed so I accept being put in the penalty box but stand by my remarks.Enough said on that one.Shareholders seem to fear that GNG will be scooped up by Agnico Eagle who hold 10% but GNG holds their cards close and will not be giving anything away. Funds will needed to drill the Nopalera but there is no need of urgency at these prices to do any kind of a huge financing and because the property sits next to Orisyvo, LET THE OTHER GUY WITH DEEP POCKETS DO THE AREA INFRASTRUCTURE WORK..GNG gets the highway for free plus a new airport to boot and Comstock will also reap the benefits as well.Here is what the President has to say.  http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31069189&l...

Community Talk

Re: Golden Goliath is Dirt Cheap GNG TSX.V

Hi goldfuchs, I cannot believe this price and consider it a gift. I picked up a bit today at .145 and .15 and wish I had more. Like yourself, some funds will be freed up in the next 90 days for me to buy more. I expect a private placement, hopefully just a small one so there won't be a large dilution.It will be awhile before AEM has results so me may have an opportunity to accumulate more and PP's do take time. You and I think alike and actually would prefer this one lagging behind the junior golds until we can load up.

Re: Golden Goliath is Dirt Cheap GNG TSX.V

Hi Frank, this is a good post! i also planing to accumulating over the next 3 months to double my position in GNG. i must be crazy but i think this is the place to be!!! i hope the share price will be in this time under $0,30.  i think this ends in a battle between Agnico and Fresnillo.

Re: Golden Goliath is Dirt Cheap GNG TSX.V

Hi southpen. Although this property is not that far away as the crow flies, the geography makes it highly unlikely that GNG's properties could feed ore into the Pinos Altos mill. The same goes for GNG's various properties not far from one another but takes all day to travel and the reason for optioning the ones not as easily assessable unlike Los Hilos/Los Bolas and Nopalera which are next door to Fresnillo's Orisyvo withit 10 million oz. gold and new infrastructure going forward.

Re: Golden Goliath is Dirt Cheap GNG TSX.V

Frank,I see they have an open pit in Mexico.called Pinos Altos.  Do you know where that is in correlation to GNG properties.?

Re: Golden Goliath is Dirt Cheap GNG TSX.V

Good stuff Frank. I'm going to reinstate GNG on my watchlist. AEM obviously feels they need a gateway to Mexico A large land package  in a former minig area is perfect.I always think of them as having more Northern mines .They had some problems of their own this year ,long before the G&S miners got hit.

Re: Golden Goliath is Dirt Cheap GNG TSX.V

Hi southpen, GNG's strategy is to find mines,not operate them and although it is one big property the geology or I should say the geography is such that it could host several mines. AEM has been a shareholder for years,possibly as long as the original IPO as has its biggest shareholder. SPROTT. JPS told me that AEM always maintains just under 10% and they have tactical reasons for this percentage. They participate in every private placement to maintain their position as does Sprott. and of course AEM's VP Exploration sits on GNG's board. When AEM joint ventured the Los Hilos/Los Bolas, GNG made sure th Nopalera was not included in the deal and I think the Nopalera is the key. Because of the size of the properties held and too many targets involved, GNG optioned their Corona property to Comstock CSL who needed a property to get listed but a great property none the less and GNG can option out several others as well such as La Reforma and San Timoteo. This is not a one trick pony

Re: Golden Goliath is Dirt Cheap GNG TSX.V

Frank, Your thinking the strategy is to be aquired? Do you know at what price AEM bought 10% ?