Global Gold Corp. (GBGD)

[BMAV]

Stock closed at $0.04
and it did not move in price.

But why should it move? From November to April 2015 there are no operations at Toukhmanuk because of the winter season and spring thaw...nothing will happen there in terms of mining or developing cashflow.

The only thing that may happen is that GBGD sells its Marjan Gold project. And even if they get any cash for it the company is saddled with $14 Million in debt.

CRA entered into a JV with GBGD to invest and develop the Toukhmanuk Gold Mine. CRA invested $5 Million cash to get 49% of the JV and further made $1.5M in loans to the JV to support the project. The loans are guaranteed by GBGD and CRA claims GBGD has defaulted on the loans.

CRA and GBGD both agree that the JV has failed. CRA is now suing GBGD to liquidate the JV and get a court appointed liquidator to sell the Toukhmanuk Gold mine so that it can recover $7 million investment plus damages.

What will drive value for this company? i.e. Why should anyone buy a company that may lose its key gold property in a lawsuit filed by its JV partner?