No buying volume to keep the mms from driving it lower drip by drip, the company appears to be in shut down mode
No buying volume to keep the mms from driving it lower drip by drip, the company appears to be in shut down mode
What the hell is going on? , Ive had shares of this company for a while and have lost some $ while holding it, all I hear is sunshine and good things being blown up my ass, but the stock keeps plunging. seems this company isn't mining what they are finding or some damn return would be in order. Is this company just a sham or wtf is going on? , Time to get some of this copper and plutonium and gold out of the ground so the investors can get something back more than a loss. I thought spring would be the time since they are a northern company and have to contend with snow, but its the middle of June, time to get off your asses and start mining, its really getting irritating
Fat max I'm not sure what to make of them myself. They acquired a lot of land and actually hired a very good consulting team. I wonder if they are just looking to flip it. Mining season soon upon us so with all the promise from consulting firm we should know soon. I bought some shares purely speculative with hopes that uranium prices would rise with japan putting nuclear plants back on line.
So talking about what your neighbor has going on is suppose to stimulate interest in your company. Get a clue glenmark we don't care what they have going on? Time to start producing , little less talk and a lot more action. This is a instant society show profits if want to create excitement !!
Sorry clog1 haven't been update with GLRKF and just read up on everything and honestly i can't figure them out….. They are "acquiring" all this land and haven't produced anything yet. With that i keep seeing exploration not mining and in 2013 they "acquired ATHABASCA BASIN URANIUM PROJECT and now from what i can tell have nothing to do with it anymore. I believe they are just a surveying company that find what the land can offer before someone mines it. Then again you see they can earn 100% interest if they pay X amount before a certain date, maybe they are still looking for investors so they can mine. who's gonna to invest in a company that has no mining experience? even though it dr. peter born say he has 30 years in exploration/mining experience but what kind of miner has the prefix DR. I just don't know so i hope this helps you my gut tells me it could be awhile if ever this takes off
What's your take on glrfk purchasing gold project? I have mixed feelings on this although I'm excited at the idea of striking gold $$$$. I feel it's time that they start producing revenue on all the recent purchases we funded. Where is the return on our investment? What are glrfk plans for mining? What are glrfk projections on rewarding their investors? Guidance from the company is overdue. Didn't see a influx of investors after European tour. I'm very interested in your thoughts please share?
The Beauty of this one is your don't need a ton of investment to make good money! I just bought more to lower my average share price. If this one is going to pop it should be soon. It appears they are putting the pieces together for spring mining. You could wait however I'm thing costs per share should go up leading into spring mining. Adding to their board plus working with a solid consulting firm. They are also aggressively seeking investors in eourope.
That's what I was just thinking but could it be worth having money tired up in right now
Yes I believe your right. They also offered out another 1,000,000 shares of stock which might explain the drop in value this week. However I do believe that once they start mining these new properties this could be a 2 dollar stock. The funds raised are meant to help this happen. Not sure if they have to wait until spring to start mining. Problem with that is most investors want profit now. They need to keep up public relations to stay relavant.
What news? I haven't seen much.
all waiting for a wonder :)
Ok so glenmark announced some news and were paid with a 15 percent return in valu. Hopefully they learned that simply acquiring more property will not substain their perceived valu. They need to get to work on the lands they picked up and show some promise. Or the funds they seek to begin mining simply won't be there. Remember this is a now society. Still long on glenmark sentiment is hold.
in Germany we ve pps plus 20 % in time
i hope the stop-loss Festival has ended
it was Domino near open end
I'm long on glenmark however if they do not start producing real commodities I'm afraid the run up is over. Their promotion that ran thru finest penny stock is over. Time to produce real results thru mining not a promotional company. If this doesn't happen soon this stock will slip back to .25 range and sit there for along time. We heard all the hype now it's time to show reall results not a bunch of redidarick!
GLENMARK TO ACQUIRE COPPER-MOLYBDENUM PROPERTY IN CENTRAL BC, CANADA
December 2, 2014 - Glenmark Capital Corp. (TSX.V: GLM; US OTC: GLRKF; ;Frankfurt: 17G) (“Glenmark” or the "Company") is pleased to announce that the Company has entered into an option agreement (the “Agreement”) with Lions Gate Metals Inc. to acquire a 100% interest, subject to existing royalties, in the Poplar Copper-Moly property in central British Columbia. The Poplar Copper-Moly property covers an area of 67,862 hectares in the Omineca Mining Division, in the central interior of British Columbia, 50km south of the town of Houston. The project is a copper – molybdenum porphyry associated with the Late Cretaceous Poplar intrusive stock. The Huckleberry Mine located approximately 35km southwest of the property, produces copper and molybdenum from a deposit of similar age and geological setting.
The property is underlain by andesitic volcanic rocks of the Cretaceous Kasalka Group. These rocks are in faulted contact to the northeast with calc-alkaline rocks of the Telkwa Formation of the Lower Jurassic Hazelton Group. The Kasalka Group rocks have been intruded by stock-like bodies attributed to the Lower Cretaceous Bulkley Plutonic suite. Outliers of the volcanic Eocene Ootsa Lake Group overlap the Kasalka and Bulkley Plutonic Rocks. Zones of alteration and sulphide mineralization associated with these intrusions have resulted in the formation of the Poplar porphyry copper – molybdenum deposit.
The status of the Poplar copper - molybdenum deposit is one of active development. Since the drilling of the discovery hole in 1974 the property has gone through successive stages of exploration and development drilling resulting in the publishing of a historical resource estimate in 1982. In 2011 Lions Gate drilled 42 diamond drill holes on the property totalling 16,483 m.
In 2012, G. H. Giroux, MASc., P. Eng. estimated the resource present on the property. A three dimensional solid was constructed to constrain the mineralized area, using a 0.1 % Cu grade shell as a guide. Large internal waste zones were modelled as were some larger post mineral dykes. Of the total data base 129 drill holes totalling 37,205 m were within the mineralized zone and were used to estimate the resource. Drill holes were compared to the mineralized solid and assays were tagged if inside.
In a NI 43-101 technical report prepared for Lions Gate Metals Inc., entitled "2012 Resource Update on the Poplar Deposit" (the "Lions Gate Metals Report"), copper, molybdenum, gold and silver assays within the mineralized solid were capped at 1.4 % Cu, 0.14 % Mo, 0.34 g/t Au and 41 g/t Ag. Five metre composites were formed and used for variography. For this estimate, and to aid with some preliminary planning, the blocks were reduced to 5 x 5 x 10 m in dimension and were estimated for Cu, Mo, Au and Ag by ordinary kriging. The historical resource is classified as Indicated and Inferred based on each block’s proximity to data and the grade continuity. At a 0.20 % Cu cut-off within the mineralized solid the Indicated resource is 131 million tonnes at 0.31% Cu, 0.009 % Mo, 0.09 g/t Au and 2.39 g/t Ag while the Inferred resource is an additional
132 million tonnes grading 0.27 % Cu, 0.005 % Mo, 0.07 g/t Au and 3.75 g/t Ag. This historical information was taken from the Lions Gate Metals Report, a copy of which is available on SEDAR under Lions Gate's profile. A qualified person has not done sufficient work to classify these historical estimates as current, and the Company is not treating them as current. As part of its continuing disclosure requirement Glenmark anticipates preparing a technical report on the Poplar project, to update this historical information.
Regarding the acquisition, Richard Ko, the CFO of the Company, commented, “The global outlook for copper is tied to Chinese domestic consumption, both for establishing infrastructure in rural areas and for consumer goods. There is no reason to believe that the Chinese economy will slow down anytime soon and the IMF predicts it will expand at an annual rate of 9.7% over the next 5 years. As such the acquisition of the Poplar project is a key strategic acquisition that will underpin shareholder value when copper prices rise.”
Under the terms of the Agreement, Glenmark can acquire a 100% interest by paying to Lions Gate Metals $50,000 on or before December 22, 2014, $100,000 on June I, 2015, $200,000 on December 22, 2015 and a further $2,650,000 at various times over the following three years. In addition, Glenmark must complete $3,000,000 in exploration expenditures over four years. Certain claims within the project area are subject to legacy 1% and 2% NSR interests, which can be purchased by Glenmark for $100,000 and $1,000,000, respectively.
The technical contents of this news release have been prepared under the supervision of Dr. Peter Born, P. Geo. Dr. Born is a Qualified Person, as that term is defined in National Instrument 43-101, and has approved this news release.
For further information, please contact:
Richard W. Grayston
President & CEO
Phone: (604) 990-1012
Contact Financial Corp.
Phone: (604) 689-7422
Thanks Jamesrmilligan! That's very sound advice which I will heed. My name is Crazy Maniac, but I'm not crazy. I'm actually just taking the temperature of the "investors" on this board. I have done pretty well on empty shells, and have also seen real companies buried by bashers on I-Hub, as I assume you have.
You're going to trust a response from someone here? Please do your on DD before you invest, don't take the word of some random person you'll never meet.
Have you been sitting on the sidelines since I first alerted you to GLRKF at 20+ cents?
Did you watch on as GLRKF acquired the Key Lake mine,with potentially billions of dollars of uranium reserves, and the price climbed?
Did you smile or sigh when GLRKF then acquired yet another property, the Scotia Property, with almost a million tonnes of precious metals and minerals?
I alerted my readers to the staggering potential of this mining company even before CNBC. 2 weeks later, CNBC jumps on the bandwagon with their widely read article: “NOW IS THE TIME TO BUY URANIUM STOCKS.” (see: http://www.CNBC.com/id/102167854), concurring with my analysis and alert.
Conservative analysts have given GLRKF a target price of $5.
For a company with a share price of just 50+ cents : what does this scream?
Are you ready to make 900% of your investment in profits?
An incredible opportunity to get in during the traditionally weak days of Thursday and Friday, scooping up shares for pennies while the rest of Wall Street plays catch up and rockets GLRKF share pricing past $2, $3, and even potentially up to $5, more than 1000% returns on your investment.
With more news on the horizon as we await results on tests on those 2 properties, the smart investor will know to get in NOW, and beat the rest of wall street to buying up GLRKF shares at a superb value.
The only question left is: Do you want to beat the market and make big profits?
Your editor and investment analyst,
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Hi, Crazy Maniac here. Is this a real company or a shell?