Post by
singlefile on Jan 21, 2021 3:07pm
$1 Mil for shares / loan
I do not think anything nefarious is going on here. I bought in at 6 cents a while ago - shortly there after the loan announcement came forward. So I believe the LOI to provide the loan was at the current share price ...shares for cash / 6-7 cents. Then the facility announcement came and the rest is history - lets face it the loan folks got lucky. It's rare for a stock to double during the wait for a loan faciliatation - good for them. IMO we should be seeing this back to 60 cents and beyond by early summer 2021. Overall this is a well run company with ties to mass media and government - an incredible collaboration with lots of $$$$ coming to it's shareholders.
Comment by
Golddetector on Jan 21, 2021 6:22pm
As I said the most they could have got out of it is anther 200k or 300k. I do not think it is that significant. Most important thing is they need to focus and make this last pp and establish positive CF by q3. Jmo