 |
| |
 |
Oakley's Bold Ventures |
 |
|
 |
|
In this section of WallStreetCorner, from time to time I bring you companies I consider to be in the category of Bold Ventures. Each has either exceptional technology or other very impressive attributes.
This is our fifth editorial venue here at WallStreetCorner. I cover public companies in our other four editorial sections, including my Opinion, Stock Pick, & Comment columns, & Conservative Speculator. At www.Small-CapTrader.com, where I am editor, I cover public companies in the Small-Cap Pick column there.
If it seems that some old content is being displayed, try clicking the Refresh button on your web browser.
Larry Oakley's Bold Ventures
Posted 11/4/2009
Gold Crest Mines, Inc. (OTC BB: GCMN)
I just began investigating this emerging growth situation. I'll do a profile on the company at some point in the future, but I suggest that you look into it yourself, because it’s trading at a rather modest price -- $0.026 as I write this today (11/4/2009).
What GCMN Does
Here’s what the company says about what it does: GCMN is an exploration stage company. It engages in the acquisition, exploration, development, & mining of mineral deposits in Alaska. The company controls either through joint venture agreement or outright ownership approximately 37,000 acres (57 square miles) of state mineral leases in Alaska.
On 10/26/2009, the company issued a news release that provides an update on its mineral properties. As discussed, it controls considerable prospective mineral properties in Alaska which have undergone various phases of exploration over the last three field seasons. Based upon the work completed to date on these projects & their geographic locations, it appears that all of the properties have the potential to host economic ore deposits.
History
In the press release, the company confirmed its joint venture on part of the Alaska property by stating: “On May 1, 2009 Cougar Gold LLC transferred all of its membership interest in Golden Lynx & its economic interest therein to Tintina Gold Resources Inc. (TAU-TSX.V) a British Columbia corporation (TintinaGold) formerly known as Mantra Mining, Inc., (MAN-TSX.V). TintinaGold is now the manager of Golden Lynx pursuant to an agreement with the Company. The details of this earn-in joint venture agreement are available in the public filings of the Company." This agreement covers approximately 15,320 acres that GCMN controls.
The balance of the remaining Alaska claims (22,240 acres owned 100% by GCMN), consist of the Company's AKO & Luna claim groups located in the Kuskokwim region of southwestern Alaska approximately 120 miles south of the Donlin Creek deposit & its Chilly claim group located approximately 50 miles southwest of the Donlin Creek deposit.
These 100% GCMN owned properties located geographically close to the Donlin Creek deposit warrant special attention due to the record breaking deposits of over 20 million ounces recently discussed in a press release from mining giants NovaGold & Barrick Gold US Inc.:
http://www.reuters.com/article/pressRelease/idUS165580+28-Apr-2009+MW20090428
Please visit the company website link below & review the map provided that clearly shows the Donlin Creek deposit & the location of GCMN properties:
http://www.goldcrestminesinc.com/projects/alaska.asp
In addition, according to the October 24, 2009 press release, "the Company is preparing a report from a consulting Geologist on the results of its various joint ventures in Alaska & will announce these findings as appropriate ASAP."
My Opinion
I will expand on my opinion after I have had the opportunity to interview one or more of the directors, who after reviewing Form 4 filings with the SEC have personally invested substantial funds in the company. I actually like the fact that very little information has been made public during the past year – it may be the reason why the shares are trading at such a low price. GCMN closed at $0.0260 last evening (11/3/2009).
Link to GCMN SEC insider filings:
http://finance.yahoo.com/q/it?s=GCMN.OB
The market cap is listed at $2.20 million, a rather modest figure. I feel that this situation may possibly be a real winner. At the present low share price, you may want to take a modest position, assuming that you will have done adequate investigation on your own – something you should always do before investing.
GCMN is located at 724 E Metler Lane, Spokane, WA 99218. Call 509-893-0171. Check its site at http://www.goldcrestminesinc.com/default.asp
My comments in this column are strictly my personal opinion. At times, I will include forward-looking information as that term is defined in the Private Security Reform Act of 1995. Such information & the related company are subject to many risks & uncertainties. There can be no assurance that actual results, business conditions, business developments, losses & contingencies, local & foreign factors, & other matters will not differ materially from those suggested in any of my forward-looking statements. Such differences are the result of all sorts of factors (some examples: market conditions, competition, advances in technology, acquisitions, mergers, potential litigation, personnel changes, market changes, capital availability, etc., etc.).
Do not run out & buy a stock just because I am enthusiastic about the situation. Call the company before you buy -- satisfy yourself first. I always include a phone number for that purpose. My purpose in this column is to respond to your request for my personal opinion. You have the responsibility of making your own investment decisions. Do not give up that responsibility.
My editorial coverage has always been, is now, and always will be without charge. That includes what I write in Conservative Speculator, and what I write in "Larry Oakley's Opinion, " "Larry Oakley's Stock Pick," "Larry Oakley's Comment," & "Larry Oakley's Bold Ventures" columns. It also includes what I write in such venues as articles submitted to other publications, interviews on radio & television, and at the investment seminars and conferences at which I am a featured speaker. By doing all my editorial work free of charge, I have the advantage of writing about what companies I particularly like. There are occasions when I will write about a company that is a paying participant on WallStreetCorner -- that's because I like the company. I always make it clear to them that editorial coverage is free and is not a part of the fee they pay to have their Profile researched, prepared, & posted at WallStreetCorner.
|
|
|
Disclaimer: The public companies featured in the Research Reports or Corporate Profiles listed in the "Special Situation" section on the Home Page of www.WallStreetCorner.com (WSC) are our regular clients. Each such client, as of 12/1/2009, pays a modest cash fee for our three-month trial period, & on occasion may provide us with a negotiated number of Form 144 restricted shares as an incentive for our service. We may accept free-trading shares, but we usually hold such shares for the long pull – we do not engage in trading. Such fees are disclosed as part of the Research Report or Corporate Profile prepared & posted on the particular client company involved. The basic coverage provided to such clients primarily includes the preparation of their Research Report or Corporate Profile, posting it here at WallStreetCorner.com, & the distribution of email alerts to our international database of investors and financial professionals when their Report or Profile is initially posted, & each time their Report or Profile is subsequently updated. We expect our clients to work with us in a team effort by calling us each time they have achieved a significant milestone. We then update their Report or Profile & issue an additional email alert to our totally opt-in email database (as of December 2009, members of that database are from over 96 countries). The email distributions we make are a key element of our service -- those, as well as the updated Research Report or Corporate Profile are what together are designed to achieve a gradual buildup of new shareholders who generally hold for the long term. If you are an officer at a public company & want the exposure afforded at WallStreetCorner.com, email Larry Oakley at up415@aol.com or call him at 843-645-2729. Information displayed by WallStreetCorner in its Research Reports or Corporate Profiles, & in its editorial or other columns, does not constitute an offer to buy, sell, or trade a security of any kind, including stock. Larry Oakley, &/or WallStreetCorner.com, Inc., does not recommend that any person, institution, or other entity make any decisions or form any opinions, etc. based on the information on this site. All visitors to this site are urged to do two things before investing in any stock: (1) Call the company and ask questions -- if there is anything you do not like regarding such a call, pass -- our goal is to bring you a selection of what we feel are growth situations with good long-term appreciation potential, but you must accept the responsibility of making your own decisions regarding which situations to invest in -- do not give up that responsibility; and (2) Examine the company’s latest financial information usually available on the company’s web site, and consult a qualified financial professional before taking any actions in regards to buying, selling, or trading securities (stocks or other forms of equity). Companies covered in Conservative Speculator, a newsletter accessed from WallStreetCorner, or in any of Larry Oakley's other editorial venues ("Opinion," "Stock Pick," “Comment,” and "Bold Ventures" columns, or in any other editorial venue to which Larry contributes) do not pay for such editorial coverage; the companies Larry covers editorially have never, do not now, and never will be charged for editorial coverage. The only paid portions of WallStreetCorner.com are the Research Reports & Corporate Profiles plus the email distributions that are a part of the client’s package. On occasion, Larry Oakley shares his opinion regarding a private company or its product or service. Bear in mind that nothing at that special section is an investment possibility. To see that section, click where on the home page it says: “Click here to access our Special Emerging Growth Situations.” See the introductory portion of that special section for additional information regarding the material covered there. The service provided to our readers here at WallStreetCorner is on an "as is" basis only. Neither we, nor any licensor or third party provider of any component of the service or of any information delivered as part of the service, makes, & each expressly disclaims, any representation or warranty of any kind, whether expressed, implied, or arising out of course of dealing or usage, including without limitation any warranty of fitness for a particular purpose, noninfringement, noninterference with data, availability, accuracy, or that the service is error-free or secure. The service occasionally contains information provided by one or more third party persons or firms or other third party data providers. We do not control & are not responsible for the information provided by any such third party provider. We specifically are not responsible for any damages caused by non-delivery, delayed delivery, or the misdirected delivery of an email Alert, update, editorial, Special Situation coverage, or other information, inaccurate or incomplete information in an Alert, update, editorial, Special Situation coverage, or other information, or your reliance on or use of any Alert, update, editorial, Special Situation coverage, or other information. We assume no responsibility for the timeliness, deletion, mis-delivery, or accuracy of any editorials, Research Reports, Corporate Profiles, Special Situation coverage, or any & all other content at this site. In no event may we, or any licensor or third party provider of any component of our service or of any information delivered as part of the service, be liable for any consequential, indirect, special, exemplary, punitive, or similar damages arising from or related to the service, even if advised of the possibility of such.
|
|
|
WallStreetCorner.com
WallStreetCorner.com, Inc.
|
|
 |
 |
|
|
