While visiting the PDAC, the international mining convention in Toronto, I met representatives of the Armenian Government at the Lydian booth. It was confirmed to me that Global Gold's project in Armenia is BANKRUPT.
I have always said that the 2 million ounce GOLD resource that Van Krikorian was promoting at TOUKHMANUK was a complete fraud.
Global Gold Corp is now defunct and delinquent and no longer files any financial statements.
Don't be fooled by the $3.00 price quote, GBGD has rolled-back its shares 251x and now has approximately 386,000 shares outstanding. The company has transferred all its assets to its officers and directors and left $20 million in debts behind. Now its flagship asset is bankrupt, leaving behind unpaid salaries and unpaid bills in Armenia.