SELL
Glencairn Gold
They had to close one of their main mines, the ground was shaking. The question is if they can re-open it. They've had a cash investment of 7 million dollars which they will use to consolidate the stock. He doesn't like consolidation, so got out. 90% of consolidations the companies are down in value a year later.
precious metals
COMMENT
Glencairn Gold
Costa Rica mine had a ground shift, so had to shut the mine. Tremendous cash flow drain. Looking to change their milling operation in Nicaragua. Because of the negative cash flow, it could go bankrupt in the next 12 months. If they can make their necessary moves, the stock could quadruple, but he is not sure it is wise to Hold.
precious metals
BUY
Glencairn Gold
Have 2 producing mines, one in Costa Rica and one in Nicaragua. Going forward, producing mines will be important, as there is a huge shortage of personnel, so it will be difficult and costly to build new mines. Good price.
precious metals
DON'T BUY
Glencairn Gold
Operating 2 mines in Central America. Having the same problems that so many companies operating 2nd class mines are having, not making any money. When the gold price eventually rises to where it should be, it will make money.
precious metals
HOLD
Glencairn Gold
One of the insiders has been selling. Took over another mine and will perhaps have to raise some financing. Still has quite a bit of potential. Quite content to hold.
precious metals
DON'T BUY
Glencairn Gold
Had some labour problems but seems to have cleaned those issues up. Well-managed. Has only a few years of mine life ahead of it. Has low visibility.
precious metals
WATCH
Glencairn Gold
Recently purchased some assets out of Yamana (YRI-T). These assets, along with management change give a constructive outlook to the company. Short-term pressure, probably due to new financing. A “Show Me” stock right now. Once they get 1 or 2 good quarters under their belt, there should be an improvement in the stock price. Would consider in the low $.50 range.
precious metals
STRONG BUY
Glencairn Gold
One mine in Costa Rica and another in Nicaragua. Struggled a bit with one of the mines but they are both cash flowing positively now. In the process of buying a couple of operations from Yamana (URI-T). There will be a lot of gold production from the 4 mines.
precious metals
PAST TOP PICK
Glencairn Gold
(A Top Pick Feb 27/04. Down 16%.) Still likes this. There were a couple of things over the last few years that hammered the stock. Turning the corner now.
precious metals
BUY
Glencairn Gold
Expenses in mining have gone up dramatically and gold prices haven't been enough to offset them. This company has production in Nicaragua and has brought in production in Costa Rica and these 2 are barely breaking even. With a high gold price, which he expects, this stock will be a major winner. Good price.
precious metals
BUY
Glencairn Gold
Have a very unique asset in Central America, but it's small and you can basically get your mind around it in a nutshell, but something magical has to happen. A very efficient profitable little operation. Has a shorter mine life ad they have to find something. If you buy at this price, that'll work in your favour.
precious metals
BUY
Glencairn Gold
Have a couple of good gold plays and the 2nd one is coming on stream now. Have taken on about $6 million of debt which is scary. Longer term, they can do well once they get these mines working. A caveat is that management has not done well over a long period of time.
precious metals
BUY
Glencairn Gold
These kind of companies will do well if the gold price moves up sharply. They have already absorbed the huge rise in costs, what remains is the huge rise in the gold price. Their projects in Nicarauga and Costa Rica are both mediocre, but will be very profitable if the gold price unfolds the way he thinks it will. Very cheap.
precious metals
BUY
Glencairn Gold
Would be surprised if the Bayo Vista mine did not come in. A very cheap stock.
precious metals
BUY
Glencairn Gold
A good company. A lot of cost escalation in what they are doing. Their project in Costa Rica is being delayed a little. Will have 2 mines in production by the time gold breaks to the upside. A great little junior.
precious metals
Showing 1 to 15 of 20 entries

Glencairn Gold(GGG-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Glencairn Gold is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Glencairn Gold(GGG-T) Frequently Asked Questions

What is Glencairn Gold stock symbol?

Glencairn Gold is a OTC stock, trading under the symbol GGG-T on the (). It is usually referred to as or GGG-T

Is Glencairn Gold a buy or a sell?

In the last year, there was no coverage of Glencairn Gold published on Stockchase.

Is Glencairn Gold a good investment or a top pick?

Glencairn Gold was recommended as a Top Pick by on . Read the latest stock experts ratings for Glencairn Gold.

Why is Glencairn Gold stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Glencairn Gold worth watching?

In the last year 0 stock analysts on Stockchase covered Glencairn Gold. The stock is worth watching.

What is Glencairn Gold stock price?

On , Glencairn Gold (GGG-T) stock closed at a price of $.