GREY:GLBCF - Post by User
Comment by
DRYOASISon Jan 13, 2017 10:13am
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Post# 25703778
RE:GCO News . . . . .
RE:GCO News . . . . .The last GEM news update told us that the TSX is to blame for the delays ... " Although we anticipated that a listing on the TSXV would have occurred prior to year end we are extremely confident that an early 2017 listing is possible. We were able to connect with the analyst at the Exchange just prior to the holiday break, and it was explained to us that there were a significant number of financings that would take precedent as it was year end. Given the Exchange was extremely busy our file would be revisited in January when their office re-opened." ... the TSX announced a layoff back in September, they cutback staff by 10% so that's probably why listing applications are taking more time than anticipated for both GEM and GCO. ON a positive note the price of both cobalt and copper keeps rising which is excellent for GCO since Karakul actually has more copper than cobalt. The more these commodities keep rising, the higher the NPV on Karakul.