Global Gold Corp. (GBGD)

[BMAV1]

MUZAL TOV GBGD, you got re-listed to the OTCQB

It is amazing how one can move between tiers of the OTCMarkets. From Pink Sheets Limited to OTCQB.

But what is really amazing is all the stuff I read in their 10Q about not being able to produce gold at the Toukhmanuk project for a year now because the tailings dam was not ready.

Really?

What about producing inventories from the stockpile of ore at Toukhmanuk? You have kept in your inventory a stockpile of ore valued at over $500,000 for over 3 years. IS there really gold in there? Why was it not all processed, considering your running under capacity, according to your records?

Since you could not produce gold all year why not extract it from the ore in inventory? Why? Is it because you don't have a tailings dam? What dam have you been using since 2006?

Since 2006 you only processed 176,000 tones or ore, and you have been advertising in your press releases since 2008 that you will be moving to 200,000+ tones a year production, and your tailings dam is full?

How come you never disclosed this problem with your tailings site before?

Since 2010 in you 10K you have been advertising you are building a new tailings dam in Toukhmanuk. It doesn't take 2+ years to build one. I also recently read in the Armenian newspapers that you just recently held a community meeting on October 30, 2012, to get approval for the new tailings dam from the community. It appear the community is against it. Why not disclose this?

See: Ecolur News on Global Gold Toukmanuk Project

EXCERPT: Meliq Village hasn't yet made a decision on the construction of a new tailing dump. 'It's early to speak about a new tailing dump, unless the first tailing dump is recultivated,' Said Meliq Village Head Hakob Mkrtchyan. The public hearings on the construction project of a new tailing dump for Megogold Company was held in Meliq Village on 30 October. Nevertheless, the villagers didn't know anything either about the project or the public hearings. Only after half an hour after the appointed time, about 20 people came to participate in the hearings and presented their problems concerning the company activities.

Talking about full disclosure, why have you not mentioned since March 2011 you are under criminal investigation by the Revenue Department for potential financial crimes in Armenia and that in January 2012 your offices were raided by the Tax investigation department?

Also why did you not mention you have done absolutely no work on the Marjan project which you control since February 2012?

Have you paid all the annual concession fee and license fee for the Marjan project 2012? Last I asked around you did not pay $25,000 in concession fees, putting the license at risk for cancellation.

Is the license in good standing? Yes or No? Is there a risk that it can be cancelled.

Are you also at risk of losing the Toukmanuk and Getik project licenses due to non performance?

These are material issues that should be disclosed.

PLEASE NOTE MR. VAN KRIKORIAN:
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).