On 20th October’14, BrilliantPennyStocks.com initiated coverage on GLDG. The stock is neutral since the coverage was initiated.
The management team of development stage gold mining firm Golden Global Corp (OTCMKTS:GLDG) had some good news for its loyal shareholders since 2009. The Huston, Texas based firm disclosed in the last week of October that it is on the verge o initiating gold mining operations at its McDame lease in British Columbia.
Preparatory Production Trails Completed
Golden Global Corp (OTCMKTS:GLDG) has indicated that it has completed all the preliminary process in the run up to initiation of mining activity. The preparatory activities included the scheduling and completion of trail production runs. It has also planned a phased up gradation of two heavy equipment systems at its mine in order to further cut down production costs and increase production efficiency. It took this decision on the back of learning’s from the trail runs.
Corrective Measures Being Taken
Global Corp (OTCMKTS:GLDG) indicated that it is in receipt of the all-important “Placer mining permit” from the Ministry of Energy and Mines in the last week of September. It has expressed confidence of being able to commence mining from next spring on the back of completion of these preparatory steps.
CEO Expresses Quite Confidence
Global Corp (OTCMKTS:GLDG) CEO Robert L. Lee in his statement to the press expressed his gratitude to the company Mining Consultant John R. Hope for assisting the company in meeting schedules by providing support which was beyond the call of his duty. He then went on to underscore that management team would not rest till they lead the company in to becoming a revenue generating enterprise by mid-2015.
Caution Advised
CEO Robert L. Lee also went on to “caution shareholders and the public that as gold mining is a high risk business this milestone is not a reality until the gold is mined and sold profitably."
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