Glencairn Gold

GGG-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about GGG-T

Signal
Opinion
Expert
SELL
SELL
October 18, 2007
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.
Glencairn Gold (GGG-T)
October 18, 2007
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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.225
Owned
Unknown
COMMENT
COMMENT
September 21, 2007
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.
Glencairn Gold (GGG-T)
September 21, 2007
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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.160
Owned
Yes
BUY
BUY
February 8, 2007
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.
Glencairn Gold (GGG-T)
February 8, 2007
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.
John Embry
President, Sprott Asset Management
Price
$0.620
Owned
Yes
DON'T BUY
DON'T BUY
November 30, 2006
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.
Glencairn Gold (GGG-T)
November 30, 2006
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.
John Embry
President, Sprott Asset Management
Price
$0.550
Owned
Yes
HOLD
HOLD
September 14, 2006
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.
Glencairn Gold (GGG-T)
September 14, 2006
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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.630
Owned
Yes
DON'T BUY
DON'T BUY
August 1, 2006
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.
Glencairn Gold (GGG-T)
August 1, 2006
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.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$0.640
Owned
No
WATCH
WATCH
June 29, 2006
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.
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.
Robert Cohen B.A.Sc., MBA, CFA
Vice President & Portfolio Manager, Dynamic Funds
Price
$0.630
Owned
No
STRONG BUY
STRONG BUY
June 13, 2006
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.
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.
John Embry
President, Sprott Asset Management
Price
$0.640
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
January 11, 2006
(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.
Glencairn Gold (GGG-T)
January 11, 2006
(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.
Robert Cohen B.A.Sc., MBA, CFA
Vice President & Portfolio Manager, Dynamic Funds
Price
$0.510
Owned
Yes
BUY
BUY
November 1, 2005
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.
Glencairn Gold (GGG-T)
November 1, 2005
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.
John Embry
President, Sprott Asset Management
Price
$0.450
Owned
Yes
BUY
BUY
September 13, 2005
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.
Glencairn Gold (GGG-T)
September 13, 2005
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.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$0.430
Owned
No
BUY
BUY
September 6, 2005
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.
Glencairn Gold (GGG-T)
September 6, 2005
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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.440
Owned
Yes
BUY
BUY
August 23, 2005
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.
Glencairn Gold (GGG-T)
August 23, 2005
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.
John Embry
President, Sprott Asset Management
Price
$0.435
Owned
Yes
BUY
BUY
December 22, 2004
Would be surprised if the Bayo Vista mine did not come in. A very cheap stock.
Glencairn Gold (GGG-T)
December 22, 2004
Would be surprised if the Bayo Vista mine did not come in. A very cheap stock.
John Embry
President, Sprott Asset Management
Price
$0.530
Owned
Unknown
BUY
BUY
November 1, 2004
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.
Glencairn Gold (GGG-T)
November 1, 2004
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.
John Embry
President, Sprott Asset Management
Price
$0.690
Owned
Unknown
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