tsoprano-1 thank you,'Gran Colombia Gold Corp. (TPRFF) - well, I have asked sth forum now and my reflection;
CNL has NO gold production yet and had a lot of exploration cost and also so much higher market cap vs. GCM's low market cap and great gold production and high mineral reserves which I think Nemont & Goldcorp should take a closer look at for financing etc..?.. and with that high financing for CNL it would be of no surprise to me; if CNL may try to make a GCM fusion, merger, try a take over etc.?
God morning tsoprano-1 - I have to ask; what GCM/TPRFF investors think about the financing Newmont etc. provided for CNL compared to the financing GCM recently got made etc.?:
OT. Continental Gold secures US$175mn for Colombia project By Press Release Friday, March 15, 2019
Continental Gold secures US$175mn for Colombia project Source:Continental Gold Related News
Junior exploration roundup: Continental, Regulus, Coro Mining, Mirasol Continental Gold's operations attacked again in Colombia
PRESS RELEASE
Toronto, Ontario, March 15, 2019 Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has obtained a US$175 million financing package (collectively,
the "Financing Package") consisting of (i) US$75 million of unsecured convertible debentures ("the Debentures") being issued to certain investors, including a US$50 million Debenture from Newmont Mining Corporation ("Newmont"), and
(ii) a US$100 million gold and silver stream (the "Stream") from Triple Flag Mining Finance Bermuda Ltd. ("Triple Flag"). Proceeds from the Financing Package will be used for general and working capital purposes and toward construction, commissioning and start-up of the Company's Buriticá Project located in Antioquia, Colombia. The Company has also agreed with RK Mine Finance to make certain amendments to its existing credit agreement in respect of the security documents in connection with the Stream.
Gran Colombia Produced 218,001 Ounces of Gold in 2018 - Mike Davies Cambridge House International Inc. Published on Jan 27, 2019
Mike Davies is the CFO for Gran Colombia Gold (TSX:GCM). Gran Colombia is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its Segovia and Marmato Operations. Gran Colombia is continuing to focus on exploration, expansion and modernization activities at its high-grade Segovia Operations.
Gold Technical Analysis: Gearing up for a move towards recent swing highs, around $1313 area
• After an Asian session dip to $1298, the precious metal regained positive traction and was seen building on Friday's goodish bounce from 200-hour SMA.
• Currently hovering around 23.6% Fibo. level of the $1280-$1313 recent up-move, bullish oscillators on the 1-hourly chart support prospects for further gains.
• Meanwhile, technical indicators on 4-hourly/daily charts are also catching up with the positive momentum and add credence to the constructive set-up.
• Hence, any dips to the $1300 psychological mark might be seen as a buying opportunity for a move back towards the recent swing highs, around the $1313 region.
Gold 1-hourly chart
Gran Colombia Produced 218,001 Ounces of Gold in 2018 - Mike Davies Cambridge House International Inc. Published on Jan 27, 2019
Mike Davies is the CFO for Gran Colombia Gold (TSX:GCM). Gran Colombia is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its Segovia and Marmato Operations. Gran Colombia is continuing to focus on exploration, expansion and modernization activities at its high-grade Segovia Operations.