Gran Colombia Resources Inc (TSE.GRM) Message Board

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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)

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To: keith massey who wrote (261)	4/23/1999 12:28:00 PM
From: Jimsy	Read Replies (1) of 308

Bit more info on Gran Columbia GRM-tse \| Next \| Respond \| Become a Member of Silicon Investor! To: Ray. (8685 ) From: keith massey Friday, Apr 23 1999 11:23AM ET Reply # of 8730 A delayed heads up on GRM on the TSE..I got in a yesterday for a few at .43 but didn't know why it was moving a took a gamble since they have a lot of assets. I have been following this company for a couple of years and have posted this stock to this thread in the past. I actually owned it at .13 last year but got impatient and sold at .16. GRM - GRAN COLOMBIA...looks like the next mining company that may go into the internet. What makes this company a little different is they have a load on cash. From the last Sedar report Shares issued 35,000,000 Cash...$12,100,000 Cash owed to them by BVG...$1,500,000 Plus they have no debt. This gives them around .35-.40/share in cash. That is a lot of money to do an internet deal with. Gran Colombia Resources Inc GRM Shares issued 35,553,321 1999-04-22 close $0.55 Friday Apr 23 1999 Mr. Mauro Coppola reports Gran Colombia Resources is continuing to investigate the best opportunities available to increase shareholder value, and has recently also been offered a number of investments in the Internet/e-commerce sector. Although GCR is in the process of evaluating a number of these opportunities, it has reached no agreement or decision to make an investment, and management felt that this announcement was necessary in light of recent increased speculation in GCR's shares. Even though GCR is contemplating the possibility of an investment in some form of Internet/e-commerce business, there can be no assurance that such an investment will actually be made. Best Regards KEITH

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