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It is great and real news. Value is indicated; Steriwave published the news too. I think they will be able to get the financial out. Hope volume will accumulated during this time and we will see a bid soon. They need to regain investors' confidence; they need to publish real and timely news.
Let's ask them about the status of the projects and how long this will take to be established. Hope they know what they are doing, and have a plan for the establishments. I think Ralf can organize this.
Hopefully, if an RS, to be for small conversion.
At least 3 showed up at level 2
http://www.otcmarkets.com/stock/GDTK/quote
GLTA
Thanks for the info.
How far do you think the stock will be head to?
Great news.
This is real loan. Value is indicated $23M. Contracts and trading will start.
Congratulations to all and good luck with your trading.
I think, if we broke 35 bid, this will be great.
Showing on Scottrade, now.
Showing on Scottrade, now.
Acquisition news
Lake Victoria Enters Acquisition Agreements for Gold Properties in Two Renowned Gold Belts
2 hours 9 minutes ago - FSC via Comtex
Filing Services CanadaLake Victoria Mining Company, Inc.(LVCA - OTCBB), ("Lake Victoria" or the "Company") is pleased to announce the acquisition of two gold prospecting licenses in the Musoma-North Mara and the Handeni Districts of Tanzania.
The Ministry of Mines, Republic of Tanzania has granted LVCA 100% of the mineral rights on the Nyamikoma Prospecting License, which covers an area of 15.2 square kilometers within the central part of the Musoma-Mara Greenstone Belt in the Musoma District in northeastern Tanzania.
Musoma-North Mara District
The Musoma-Mara Gold Belt hosts significant gold mining operations including Barrick's North Mara Mine (4 M oz gold), the past producing Kiabakari Mine (0.9 M oz gold), the past producing Buhemba Mine (0.9M oz gold), and the Nyasenero group of mines. Numerous additional small scale mining sites are also present in this gold belt.
This Nyamikoma license forms part of a package of licenses currently held by LVCA including the Kinyambwiga,Suguti and MurangiProspecting Licenses, all of which lie within the same Greenstone Belt and together total approximately 171 square kilometers..
The Nyamikoma license, which is underlain by meta-volcanic and Banded Iron Formation rocks of the Lake Victoria Archaean Greenstone Belt, lies about 2 kilometers to the southeast of the Kiabakari Mine and about 20 kilometers west of the Buhemba Mine. At least 2 known small scale mining operations are present on the license. LVCA will explore for similar shear zone hosted gold deposits similar to those found at Kiabakari and elsewhere in northeastern Tanzania.
Handeni District
The Company is also pleased to announce that it has acquired an option on a 28 square kilometer Prospecting License in the Handeni region of eastern Tanzania.The property is strategically located adjacent to the southeastern side of the Kilindi Prospecting License held by Vancouver, BC based Canaco Resources Limited, who recently announced the discovery of significant gold mineralization on their Magambazi Prospect.
Although the Handeni district lies to the southeast of the known Tanzanian Craton, it is believed to represent a remnant of an ancient Archaean Craton which was later geologically overprinted by high grade metamorphism of a geologically younger Proterozoic orogeny.The host rocks in which the gold mineralization has been structurally and lithlogically emplaced are characterized by biotite-garnet-horneblende gneisses,quartz-feldspar gneisses, amphibolites and pegmatites.
The gold bearing trend at Canaco's Magambazi prospect appears to extend in a southeasterly direction through the Kilindi Prospecting License and into Lake Victoria's recently acquired license. LVCA intends to fully explore the extension of the mineralized trend with the objective of discovering an economic gold deposit in this new gold province.
Lake Victoria's President and CEO David Kalenuik said "These acquisitions greatly add to and strengthen our existing portfolio of exploration ground within the world renowned gold belts of Tanzania. It is the Company's focus to explore and to fast track the discovery of potential gold deposits within these highly prospective properties."
On April 1st, 2011, the Company moved its head office address from 1781 Larkspur Drive, Colorado 80401, USA to Suite 810-675 West Hastings Street, Vancouver, British Columbia V6B 1N2, CANADA.
About the Company
Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania is Africa's 4thlargest gold producer, behind South Africa, Ghana and Mali. Gold exports alone earned Tanzania $1.076 billion in 2009 which is up from $932.4 million in 2008. Tanzania also has reserves of uranium, nickel and coal.
Lake Victoria holds eleven prospective gold projects and five uranium projects within its Tanzania property portfolio. Additional information regarding the Company is available on the corporate website at: www.lakevictoriaminingcompany.com or by contacting:
Lake Victoria Mining Company, Inc.
David T. Kalenuik
Phone: 303-586-1390
Email: info@lvcamining.com
Disclaimer
This news release may contain forward-looking statements or information within the meaning of the United States Primary Securities Litigation Reform Act of 1995 and within the meaning of Canadian provincial securities laws applicable to the Company. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration programs and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-K filed on July 14, 2010, which is on file with the Securities and Exchange Commission, as well as the Company's periodic filings available at www.sec.gov and with Canadian Securities Administrators at www.sedar.com. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as "mineralized zones" which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our annual report on Form 10-K. This press release contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
To view this press release as a web page, click onto the link below:
www.usetdas.com/PR/lakevictoria02052011.htm
Source: Lake Victoria Mining Company, Inc. (OTCBB LVCA) www.lvamining.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
http://www.useTDAS.com
Great. Hope will move up. Did you hear about the NI reports?
Did anyone see Level 2? It was 3@1 and 3@2; then 4@1 and 3@2. Does this manipulation by MM? I do not think this can move anywhere unless FS is out, PR with the current status.
10,000 premarket. Something brewing here.
Company website is working. GLTA
http://www.edu-chn.com/
Very good buy.
I can't imagine this stuck at this level. Any thoughts?
Why the pps is very low? Is it because of the chinese reputation? Thanks,
Thank you!
FGBF owns what's woth $1M in GDTK and that's all its assets, however it owes GDTK about $2M cash. And any light movement in GDTK stock is at the lowest value, any movement in GDTK will double, trible or even can go for 5X FGBF assets. I wish both do well.
He is the developer of the technology. He owned RTR before the merge with GDT Tek.
Hi Vladimirr,
I did the same and tried to locate it but couldn't.
Bo Said no RS months ago not now. RS can be done anytime, and they will say they did not say no RS now.
I did talk to them two weeks ago and they said the same thing that auditors just finished and FS will be out in 2 weeks.
I agree; however, Company did not even have money to pay auditors, how will the audit start. Unless something changed, FS won't be out ever. Also, if the PR for the financing is false, can't we sue them?
Yes, but he promised this month, doesn't hurt to confirm.
Did anyone called the Company to see if financial will be out this week? I have been trying to call over the last couple of days but no answer. Can we keep bugging them to let us know what is going on?
It looks good especially bid is moving up
http://www.otcmarkets.com/stock/LVCA/quote
I do not know why it is very slow movement.
Hello DrewDaniels,
Thank you for the information. FGBF main asset's, based on the financial, is from investment in GDT Tek. It is about $1M. GDT Tek stock is at the lowest; any movement can increase FGBF assets significantly. The president of GDT Tek was there as well. Do you recall seeing him saying anything interesting? Is this the Company they are planning to partner with?
Thanks,
I am not that knowledgable either. Looking at the schedule below level 2, seeing the number of buyers compared to the number of sellers, I think there are much more buyers. Anyone on the board can correct me, if I am mistaken. Thanks,
Hello bhapa, long time didnt see you on the board.
The line that was disconnected, it kept ringing then gave me a busy tone.
Sometimes stock stick somewhere with a glue, regardless of what is going on.
Happy easter to all.
I just called 408-268-1666 and I talked to 3 people there and none of them is aware of anything. Try to call GDTK, but line was disconnected. Can someone try to call the Company and push them to put out a PR? This will held them liable, as the PR for financing, I believe.
Level 2 looks good,
http://www.otcmarkets.com/stock/LVCA/quote
I think once it gets investor attention it will move very high.
Back to 29. I think it will keep like this trying to get it as cheap as they can but it should go up.
Good it broke the 30's. I think it needs investors attentions, they will jump on it.
I can't imgine the selling pressure at @1.03
Very big buying pressure
Is there someone who is trying to get this down? 100@0.26 is nothing. What is the deal here?
Is this finally dead?
I think the NI reports will be out by the end of this month or sometime next month. I hope this will cause a jump on the stock price, hopefully, it did catch investors eyes.
What is going on here? Do you think it will go back to $40's sometime soon or will continue down to the low $20's? What do you think the May news gonna be? Thanks,
Is this going anywhere? What are the exploration results?