GNCC Capital Inc (GNCP)

[Militia Man]

Time will tell us if the JV is still with NMGL and RENS.. Page 65 and 68.. December 31, 2014 has come and gone.. Lets roll Ted..

http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=110540

The Company has no plans to expend funds on further Mining Exploration in this First Quarter ending December 31, 2014 and will continue to seek third party partnerships or Joint Ventures for this Division. GNCC Management does not expect to announce any such actions in this First Quarter ending December 31, 2014. Management is examining proposals which may well result in a restructuring of the Company’s Mining Exploration interests early in the Second Quarter commencing January 1, 2015.

Junior miners continue to play an increasingly important role in the growth of mining assets through exploration on the African continent and, as emerging producers, constitute an important component of the minerals production chain.
However, they face mounting challenges regarding their survival, let alone profitability, in the current economic climate. Industry experts are, therefore, advising junior miners to consolidate through mergers and acquisitions to survive.
“It seems that the junior mining industry is in the midst of a major correction, largely brought about by a contraction in the previous, and perhaps overheated, Chinese economy that was urbanising at an unsustainable pace,” says mining consultant agency Mining & Energy Advisors International partner Ted Blom.
He expects that future urbanisation will occur, but at a more pedestrian pace, and that the recent boom in procurement figures will possibly remain a factor of the past, which could potentially have a positive impact on the junior mining sector.
Blom comments that exploration companies need to mature into producers or sell off their prospects to be profitable.
“The current major downswing in the commodities price cycle is a normal phenomenon, and experienced junior miners will have prepared for a possible severe slowdown in available funding during this part of the cycle,” he says, adding that the problem arises with new or nonseasoned exploration venturers who have not prepared well enough for the various cycles.
Depending on the adequacy of future funding availability and licence conditions, he says, small exploration outfits could continue to explore at a slowed pace, provided their available funding can sustain them to the next upward cycle, or they could curtail all operations to conserve cash until the cycle improves.