Goldcliff Resource Corporation (GCN)

[StocksGoneWild]

Looks like a big SCAM to me...

[gump90]

Check the resumes of this Management team. These are no Pink Sheet con men and this is a respected Canadian junior explorer.

[Penny59]

These companies fly by the credibility of the management until they actually prove they have something. Blow it once, shame on you, blow it twice, shame on me (for buying).

[Penny59]

Their drill results don't substantiate your comment.

[Funaboard]

In April 2010 of this year this was in the mid .20's and then the PR came out about this Week Gold Discovery in May 2010 and now the price is falling, falling, falling..... IMO

[Funaboard]

I think I'm with you, I like good gold properties. I cannot see where this will ever turn into a mine. As far as buying and selling it, it may be a good buy at some value, but I'm not sure where and at what price.

I will be following it as I have in the past.

[Biochemist2002]

If they do, this is not one of them. LOL. Looks like they got a teaser on their hands. Perhaps the other properties will fare better.

Posted by: gump90 Date: Tuesday, August 31, 2010 10:44:28 PM
In reply to: Defuser who wrote msg# 92604 Post # of 93747

No...2 or 3 grams of gold per tonne are definitely NOT good enough.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53929571

if that's the case, these assays are certainly not good enough.

[Funaboard]

Firstly it matters naught if the holes were shallow or deep. Sorry .. the widths are not big enough to even think about an open pit. Ridiculous. Thirdly it is NOT a vein. Fourthly the silver content is quite minimal. Good results come by jet plane bad results come mule train!!!!!

I'm selling before this hits .0001

[gump90]

I don't give financial advice. These guys have good properties however.

[Penny59]

Are you buying here, or are you waiting?

[Penny59]

Looks like I was right. I'm now thinking that .05 may be too high.

[Penny59]

It's probably the poor drill results. It took quite a while for that info to be made public.

[Dobie Lama]

I'm rethinking my strategy.....I'm buying in at .005!

[Biochemist2002]

yeah, I considered buying it a while back too. Oh well. Maybe we'll go in "halves" when it hits the triple zeros. LOL

But one thing is for sure, management has got to go...a little too fishy for my liking.

It's such a shame too. I had high hopes for this one. Oh well, I guess there's always miracles. Fingers crossed.

[Max Power]

when this thing hits .0001 i will consider buying up the entire float, firing management and giving this shell to a company with some real prospects....other than that it has negative value imo...just a burn rate with no decent mineral prospects...sad...

[Biochemist2002]

Check out these crappy assays. Simply pitiful. The market is yawning with this one. Oh well, better luck next time I guess. Yikes! Talk about results coming on a "mule train." These were tested in 2008 and they didn't release the results until 2010!

[Max Power]

wow, this stink bomb is only worth 5 million market cap...folks who bought at 25 cents and above must be really happy

[Max Power]

Investors who bought this stinker back in July in the private placement must be upset...at 10 cents!

http://www.goldcliff.com/files/1279561350.pdf

[Max Power]

This pig sure has fallen...drilling was a BIIIIIIIIIIIIGGGGGGGGGG failure....

[Max Power]

wow, gold cliff is down big time, i guess they must have some really incompetent geo's and management...next stop .0001!

[howestreetbull]

DB,
Good luck to you on that, a 250 K order sits ahead of you at 0.055 which will need filling first...could happen but trading pretty thinly in my estimation for that to occur...hsb



* Provided by Recognia - Important information about Recognia - Read Terms and Conditions






GOLDCLIFF RES GCN:TSX VENTURE Stock


Last
Price 0.065 Open 0.065
Change $ 0.00 Change % 0.00%
Large: 1d 5d 1m 3m 6m 1y 5y
Custom


Bid (size) 0.06 (68) Ask (size) 0.07 (5)
Volume 40,000 P/E 0.00
Today's
Range 0.065 - 0.065 52-Week
Range 0.065 - 0.255

# Orders Shares Bid Ask Shares # Orders
3 68000 0.060 0.070 5000 1
1 250000 0.055 0.075 31000 2
5 240000 0.050 0.080 62000 1
1 5000 0.040 0.085 12000 1
1 100000 0.030 0.090 70000 2
12 Aug 2010 9:47 AM ET Real-time quote TSX Venture

[Dobie Lama]

A good entry point would be around .05.

[Penny59]

Still wouldn't invest here.

[howestreetbull]

Penny...maybe you should advise these guys they obviously need your direction...hsb
*****************************************************************
49th North Fund takes a position in the latest PP...they were involved with GXS when it ran to 19.00, they have a following...hsb

SASKATOON, SASKATCHEWAN--(Marketwire - July 19, 2010) - 49 North Resources Inc. ("FNR") (TSX VENTURE: FNR) of 602, 224 - 4th Avenue South, Saskatoon, Saskatchewan announces that in connection with the closing of a private placement offering by Goldcliff Resource Corporation. ("Goldcliff") on July 16, 2010 it acquired ownership of 2,500,000 common shares of Goldcliff (representing 3.38% of Goldcliff's outstanding common shares) and 1,250,000 warrants, each exercisable into a common share of Goldcliff for
.20 per share (representing 3.76% of Goldcliff's outstanding warrants). Prior to the closing of the private placement, FNR owned 6,690,000 common shares of Goldcliff and 1,750,000 warrants, each exercisable into a common share of Goldcliff for
.15 per share.



Upon closing of the private placement, FNR will own 9,190,000 common shares (representing 12.42% of Goldcliff's outstanding common shares) and warrants exercisable into 3,000,000 common shares (representing 9.03% of the outstanding warrants).



In connection with the subscription for securities, FNR and Goldcliff entered into a subscription agreement providing for the issuance of 2,500,000 units for
.10 per unit, each unit comprised of 1 common share and 1/2 share purchase warrant.



FNR acquired the securities in the private placement for investment purposes. FNR may in the future take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including acquiring ownership or control over additional common shares or other securities of Goldcliff or the disposition of all or a portion of its holdings in open market or in privately negotiated transactions.



The subscription for units was carried out in accordance with and in reliance on the "accredited investor" exemption in section 2.3 of National Instrument 45-106 - Prospectus and Registration Exemptions which has been adopted by the securities regulatory authorities in all Provinces of Canada and which exempts the issue of such securities from the registration and prospectus requirements of applicable securities law.



A copy of the early warning report in respect of this transaction has been filed with the applicable securities commissions and can be found at www.sedar.com.



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



FOR FURTHER INFORMATION PLEASE CONTACT:

49 North Resources Inc.

Tom MacNeill

President and Chief Executive Officer

[phone]

[e-mail]



Source: 49 North Resources Inc.

[Penny59]

I wouldn't put any money into this one. Looks like it's an empty hole.

[howestreetbull]

Not too sure about the burn rate or even if they are actually exploring at the moment...looks more like they drilled and missed and everyone sold and now we await the next cycle...buy when the blood is flowing in the streets as the old wall street saying goes and it certainly seems to be around this one..gotta have some cahunas to do so...there weren't too many falling all over themselves to buy can.v under .10c but that one treated me alright so I will put some away and wait for a sunny day :))) best of trading to you bioman...
hsb

[Biochemist2002]

Surely you can see by now that it is not just GCN doing field work in the area this summer. There are dozens of companies working on dozens of properties that read just as good as the GCN properties. This is done every summer and very very very very few new mines are found. This is one of my ongoing points. The GCN properties are nothing special until proven otherwise. These guys are but one company of many. I'm more interested in seeing the exploration money flow coming in. Their burn rate is very high per month.

[howestreetbull]

49th North Fund takes a position in the latest PP...they were involved with GXS when it ran to 19.00, they have a following...hsb

SASKATOON, SASKATCHEWAN--(Marketwire - July 19, 2010) - 49 North Resources Inc. ("FNR") (TSX VENTURE: FNR) of 602, 224 - 4th Avenue South, Saskatoon, Saskatchewan announces that in connection with the closing of a private placement offering by Goldcliff Resource Corporation. ("Goldcliff") on July 16, 2010 it acquired ownership of 2,500,000 common shares of Goldcliff (representing 3.38% of Goldcliff's outstanding common shares) and 1,250,000 warrants, each exercisable into a common share of Goldcliff for
.20 per share (representing 3.76% of Goldcliff's outstanding warrants). Prior to the closing of the private placement, FNR owned 6,690,000 common shares of Goldcliff and 1,750,000 warrants, each exercisable into a common share of Goldcliff for
.15 per share.



Upon closing of the private placement, FNR will own 9,190,000 common shares (representing 12.42% of Goldcliff's outstanding common shares) and warrants exercisable into 3,000,000 common shares (representing 9.03% of the outstanding warrants).



In connection with the subscription for securities, FNR and Goldcliff entered into a subscription agreement providing for the issuance of 2,500,000 units for
.10 per unit, each unit comprised of 1 common share and 1/2 share purchase warrant.



FNR acquired the securities in the private placement for investment purposes. FNR may in the future take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including acquiring ownership or control over additional common shares or other securities of Goldcliff or the disposition of all or a portion of its holdings in open market or in privately negotiated transactions.



The subscription for units was carried out in accordance with and in reliance on the "accredited investor" exemption in section 2.3 of National Instrument 45-106 - Prospectus and Registration Exemptions which has been adopted by the securities regulatory authorities in all Provinces of Canada and which exempts the issue of such securities from the registration and prospectus requirements of applicable securities law.



A copy of the early warning report in respect of this transaction has been filed with the applicable securities commissions and can be found at www.sedar.com.



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



FOR FURTHER INFORMATION PLEASE CONTACT:

49 North Resources Inc.

Tom MacNeill

President and Chief Executive Officer

[phone]

[e-mail]



Source: 49 North Resources Inc.

[Biochemist2002]

what the heck happened to GCN?!? This baby was at 0.25 just a few short months ago. Looks like the market is telling us what it thinks of this one. I guess that nice website isn't doing much for shareholder interest. Whew! Looks like I dodged a major bullet here. I'll keep my eye posted on this one though. I have a "thing" for underdogs" and this is definitely an underdog. It's kind of sad, and a bit pathetic to fall from such grace. I wonder if it hurt.

[Leigh01]

Not for me. I'd buy that other one we own that's trading in the .03 to .04 range first. :)

[Dobie Lama]

A good entry point would be around .05?

What do you all think?

[Leigh01]

Looks like the bloom is off the rose on GCN.

Very low volume. Last trade @ .10.

I think down from .20 when I first started watching it a month or so ago.

This is what the Market has figured out. Yes I know it is cruel but that is how things go in these penny-dreadfuls IMO.

[Leigh01]

Yep I can easily name 5 that appear to offer much more than this one.

I love mining stocks in general, but have a special fondness for finding the juniors that are undervalued and investing in them.

GL to Us in our junior mining plays.

[Dobie Lama]

When you compare GCN to other junior gold miners, you understand the problems and not to invest in it. The debt is certainly an issue.

[Leigh01]

That would be the big zero trades today.

This stock has lost like 30% in value since I started watching it.

I think it has a lot of debt too.

[Leigh01]

Some irony here. Dropping more today.

Down to .13 PPS. Still overvalued IMO.

Many better Junior Mining companies out there with more value IMO.

[gemstone57]

Its time for management to pull a rabbit out of the hat seems there not having too much luck.

[B402]

Will look at this again under .01...They need to do some better prospecting and the accounting is wierd to say the least, must be a management thing..look at that volume..SHEEZZ..38k

[Defuser]

B402, I just checked out the one month chart on this...Does anyone want to play catch the falling, poisoned knife game?

[B402]

Gold stocks doing well..EXCEPT Here..Market Speaking...

[Dobie Lama]

What's going on with this POS?

What a scam! People need to wake up to the mismanagment here. There are other junior gold miners in the pink sheets/OTC that one should be investing in, not this one!

[B402]

Market Speaking LOUDLY Here

[B402]

Can you call Selling an Asset too? 252k sells out of 263k vol. Fuzzy Math cant fix that.

[B402]

Tanking, is best word for this, more fuzzy math needed to hide those drill results. Oops, Shareholders seem to know. Maybe they dont understand that property is really an ass/et. LOL

[Bruce the Stock Guy]

Good Lord man! 11000 BUYS and 263,000 SELLS..Shareholders getting fed up up officers/insiders living high on the hog IMO EH?..And can you blame them?

[Bruce the Stock Guy]

BUY volume 10000-SELL volume 66,500 Those company officers gotta eat well eh..

[Bruce the Stock Guy]

You take a Bad Property With Poor Drill Results, That you spent 1mil to Prove it was Bad, and Call it an Asset!!! <<<<<Yea,Thats sort of like that new math..

[B402]

What do you think about the Volume?

[B402]

So, You take a Bad Property With Poor Drill Results, That you spent 1mil to Prove it was Bad, and Call it an Asset!!! Wow, Enron should have moved to Canada imo, they'd still be in the 30's....

I though us yanks were bad.....talk about "Mark to Market"

[gump90]

Did you know that we do junior mining accounting much differently than they do it in the States ? That is a fact that you can check me on. Just say for example that I raise and spend a million on a property and I still hold it. You will see that the million dollars ends up on the ASSET SIDE of the Balance Sheet and it is definitely not classed as a DEBT !!!! Why ?? Because I just bought and paid for new data and information on the Property in the way of field results on that Property. Perhaps you should check this out.