Replies to Post #864 onGolden Global Corp. (fka GLDG)

Replies to #864 on Golden Global Corp. (fka GLDG)

Value_Investor

02/11/14 2:23 PM

#865 RE: HokieHead #864

But the LOI said "90 days"! Hopefully the company could find the $2M finance to finish the deal...

Value_Investor

02/13/14 1:56 PM

#866 RE: HokieHead #864

What happened today? From the most recent high 0.0028 to 0.0017 now!
When could we expect some news or updating from the company?

Value_Investor

02/15/14 2:22 PM

#867 RE: HokieHead #864

Good news! The 10-Q came out yesterday (see the link below)! The latest OS is 65,179,768 shares as of 02/08/2014.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9788266

Here is the great LOI news on 11/29/2013 (see the link below): $2M Canada cash plus 3M of GLDG common shares to buy a $618M worth of Canada mine!

Those 3M shares of GLDG should worth $0.3 per share based on the correct calculation: $2.9M - $2M = $0.9M, then $0.9M/3M-share = $0.3
a share. So the entire company should worth $0.3 x 65M-OS = $19.5M which is $19.5M/$9M = 2.16 times of estimated yearly income $9M.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9638100

The Sunro mine worth $618M but only priced at $2.9M for sale! Thus the mine value is over $618M/$2.9M = 213.1 times of the sale price. If the company could finance $2M to purchase the mine then GLDG could easily surge 100-bagger within a couple of days...

The Sunro mine estimated reserves are about 4.8 million tonnes on 14 levels of the mine as shown below. Most of the past mining was in the immediate vicinity of the underground mill room. A new shaft completed just before the mine closed provides access to seven lower levels. This new shaft doubled the proven and probable reserves established by drilling at the top seven levels. The value of the recoverable copper, gold and silver in the ore is about $618 million.

Folks, please help make your request to add the stock symbol "GLDG" to the database from the link below so that we shall have a high quality nice technical chart for GLDG! I had already done so. It needs at least three to five requests to be effective!

http://stockcharts.com/support/symbolrequest.html

Value_Investor

02/16/14 12:11 PM

#868 RE: HokieHead #864

From the latest OS count I'm sure the CEO acquired 6M "new" shares! So the OS was diluted about 11M shares to the public market and 6M shares to the insider during the past quarter. Easy back to 0.015...