[jpeg] Members, It`s time to turn your attention to today`s red hot gold alert GGCOGGCO caught our attention yesterday afternoon when we saw an explosion in late day volume followed up by a 75% rise in price! This could be a strong indication of big things to come.
We expect tons of trader attention on GGCO which could have it seeing major gains by the end of the day! Could there be big news brewing We will just have to wait and see....but we want all of our members to have it on their radar because we think this could be something huge! We all know how hot gold has been these past few years...
Many experts believe that 2013 could be the most profitable year ever for gold with prices expected to break $2,000 per ounce.
GGCO is in the perfect position to benefit ten-fold from this booming gold market.
Currently trading at just $0.21 GGCO offers those looking to profit off the red hot gold market a great opportunity at a small price.
[jpeg] Company: Ghana Gold Corporation Symbol: GGCO Alert PPS $0.21 Outstanding Shares: 200M Float: 200M Website: www.Ghanagoldcorporation.com Ghana Gold Corporation; (PINKSHEETS: GGCO) Ghana Gold Corporation is a gold exploration and development company in production in Ghana. Ghana is among the most mining friendly countries in the world with staunch land title regulations.
As Africas second largest gold producer with an estimated 2 billion ounces still un-mined, mining concessions in Ghana are among the most sought after in the world.
The management of Ghana Gold Corporation has invested years in planning and developing local and national relationships with cultural and government leaders, both key to its strategic land positions on the world-famous Ashanti Gold Belt.
GGCO`s projects range from alluvial production to exploration of hard rock concessions. Current production has commenced with alluvial (surface mining) while the team prepares to conduct testing for hard rock deposits within existing properties.
GGCO is also constantly reviewing new gold projects to further expand its mining options and bring added value to shareholders. GGCO`s current portfolios of properties provide the company both lucrative immediate gold positions while also providing for future growth requirements.
In addition to its producing site in Western Region, management has secured alluvial and hard rock sites on the world-famous and proven Ashanti Gold Belt.
The Jukwa and Grumesa sites serve as a significant springboard for GGCOs leap into the big leagues of hard rock producers in 2013 GGCO has focused its exploration and acquisitions on the well-mineralized Ashanti Gold Belt. The Ashanti has long been hailed as one of the worlds major sources of gold. Most of Ghanas past production of over 120 million ounces derived from the Ashanti belt. The Ashanti, is home to several of the worlds major producers, including Ashanti in Obuasi; where reports indicate an average production of 1,100 kilo per month. Still even with a prolific past history of gold production, there is an estimated 2 billion ounces of un-mined gold within Ghana. GGCO will continue to utilize its hybrid plan of exploration and production by immediately commencing alluvial production while simultaneously undertaking the more time consuming process of hard rock reserve testing and evaluation.
GGCO`s property`s are located on what many agree to be the most favorable location for gold mining! Many experts in the industry feel that Ghana is a direct parallel to what was experienced in California in the mid 1800s.
Ghana is Africa`s second largest gold producing country after South Africa with over 55 million ounces of gold having been mined over the last century. Gold mining contributes approximately 45% of the country`s gross export earnings and mining generally enjoys a preferred status with a regulatory system that encourages further investment. Stable and fair mining tenure, royalty, and tax laws have been unchanged since 1994.
The richest deposits have been found at the Obuasi mine and have been mined since the late nineteenth century by what became known as Ashanti Goldfields Corporation (AGC) and AG Ashanti in more recent times Despite its illustrious history with gold production, much of Ghanas known gold belts contain areas which are still relatively unexplored to this day. Ghana Gold Corporations management believes it has located sites after several years of investigation.
How high can the price of gold go The price of gold has increased significantly since 2002 and many experts claim that golds dramatic increase in price is still unfinished.
The price of gold has reached record levels, surpassing $1,900.00 per ounce in the fall of 2011. Prices are expected to remain high; driven by increasing demand and overall limited supply of commercially viable producing mines.
Globally, the ongoing political strife in many regions combined with increasing doubt of the major currencies (USD and Euro) has further fueled the worlds appetite for gold.
Specifically, accelerating demand from India and China, increasing global uncertainty over economic recovery, and an increase in electronics demand are keeping prices high. Supply has been falling as previous under-investment when prices were lower left no room for development of future sources. As the gap between demand and supply grows larger, the opportunity for investors in new sources becomes increasingly viable.
The worlds top gold mining nation, South Africa, has seen its annual gold output halve since 1998, and new operations in China and Russia though growing have failed to keep pace with the demand.
With the price of gold rising like it is gold mining company`s such as GGCO could see a serious increase of profits. The rising price of gold has a direct effect on the profits of gold mining companies like GGCO and their shareholders.
Let`s go over the math so you can get a better understanding.
If gold were priced at $950/oz., and the cost of production was $400/oz. and two years later gold had risen to $1600/oz., and the cost of production had escalated by 20% to $480/oz. then the mining company`s profit margin would have gone up from $550/oz. to $1120/0z. (i.e.from 57.9% to 70%).
With the cash flow of a gold mining company going up so dramatically, the size of the resource and value of a company going up dramatically and the profits going up dramatically as well, one could easily come to the conclusion that the price of the gold mining company`s like GGCO`s shares would go up just as dramatically.
At just 21 cents GGCO seem absurdly undervalued with tremendous upside potential.
But don`t just take our word for it.....
Even Forbes believes that gold mining stocks are among the most undervalued in the market.
We are urging all members to act now and put GGCO on the top of their watchlists.
Remember the first step to becoming a successful penny stock trader is opening up a brokerage account if you haven`t done so already you can start by clicking here.
***Always Trade Smart & Take Profits When You Can***
Sincerely, The PennyStockLocks Team P.S.
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----------------------------------------------------- Ghana Gold Corporation Completes Corporate Restructuring And Appoints Robert Kirkcaldy As President And COO 10:27a ET January 11, 2013 (PR NewsWire) Ghana Gold Corporation; (PINKSHEETS: GGCO) is pleased to announce the appointment of Mr. Robert Kirkcaldy as its New President and Chief Operating Officer (COO). Mr. Kirkcaldy will be responsible in managing the daily operations of Ghana Gold. Elaine Affleck will continue as Chairman of the Board and CEO of the Company.
In May of 2012, GGCO formalized a new direction for the company to focus on gold exploration and development in Ghana, West Africa. Ghana is a proven and gold abundant country. Ghana is among the top ten gold producing countries in the world and part of the original Africa "Gold Coast" containing many of the most desirable and prolific gold production areas known today.
The management of Ghana Gold Corp has spent much of the last year locking-up certain mining concessions with West African Project Consultants, Ltd for alluvial locations and hard rock mining concessions. The management of the Company is confident that its diligence and development of strategic relationships with government, local groups and the mining industry bodes well for exploration and development of these significant gold reserves.
Mr. Robert Kirkcaldy is a proven business leader with over 15 years experience on mining with a specific focus on international trade and business logistics.
"I am excited about the opportunity in Ghana to acquire reserves both in alluvial gold as well as hard rock drilling programs. The strategy will be to create immediate revenues with easier accessible alluvial production as our "Bread and Butter" while we develop targeted hard rock reserves," Mr. Robert Kirkcaldy commented.
Management is strongly positioned within the country and committed to working in a socially and environmentally responsible manner.
The company`s website is www.Ghanagoldcorporation.com Robert Kirkcaldy, President and COO Ghana Gold Corp For further Information and inquiries please call: 866-340-3095.
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