I have owned shares of GGI for about 3 years and I will be buying more before the window closes on tax loss selling. GGI has been weak for most of the year and I think that is symptomatic of the sector in general. It has been difficult to raise cash for the juniors, and exploration activity is expensive. So either you are not busy, or you are raising cash and doing work but diluting the share structure. Its a tough market, and I think the company did well to keep things going without blowing up the share count.

As this year comes to a close, we have a share price that is still deep in discount territory, but the company has built value by gaining a large stake in PZG after vending its interest in the San Miguel project, and has leverage to drilling work by the Mexican government on another property. Now we can look forward to activity on a second project as they have announced drilling to commence shortly at Tonichi.

There are two catalysts that normally drive trading for mineral exploration stocks:

Either the spot prices climb for the metals that are targets for exploration, or the company is active to do more exploration on one of its prospects.

GGI should get a tailwind from both in 2010. Speculators usually start buying ahead of news and we all know that positive drill results should drive the shareprice higher. So I do expect 2010 to be a good year after all of the consolidation we put up with this year.

cheers!

mike