Golden Global Corp. (fka GLDG)

[Value_Investor]

Great news, finally GLDG has a very nice and high quality chart:



Another good news is: the 10-Q came out on 02/14/2014 (see the link below)! The latest OS is 65,179,768 shares as of 02/08/2014.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9788266

Here is the great LOI news on 11/29/2013 (see the link below): $2M Canada cash plus 3M of GLDG common shares to buy a $618M worth of Canada mine!

Those 3M shares of GLDG should worth $0.3 per share based on the correct calculation: $2.9M - $2M = $0.9M, then $0.9M/3M-share = $0.3 a share. So the entire company should worth $0.3 x 65M-OS = $19.5M which is $19.5M/$9M = 2.16 times of estimated yearly income $9M v.s. the stock is just trading at 180K MV now.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9638100

The Sunro mine worth $618M but only priced at $2.9M for sale! Thus the mine value is over $618M/$2.9M = 213.1 times of the sale price. If the company could finance $2M to purchase the mine then GLDG could easily surge 100-bagger based on the mines value within a couple of days...

The Sunro mine estimated reserves are about 4.8 million tonnes on 14 levels of the mine as shown below. Most of the past mining was in the immediate vicinity of the underground mill room. A new shaft completed just before the mine closed provides access to seven lower levels. This new shaft doubled the proven and probable reserves established by drilling at the top seven levels. The value of the recoverable copper, gold and silver in the ore is about $618 million.