GREY:GLKIF - Post by User
Comment by
Floridas2000on Jul 06, 2018 8:42am
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Post# 28276748
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Negative equity
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Negative equityAll these transactions need to be finalized by the TSX. Not sure OGL will be done by September but you do have a point.
I went through the financials and there are quite a few large one time expenses for Matheson, Consulting fees, penalties, etc. It was also the quarter with the halt so not sure how much business can be done outside of what was done. Knowing what the line items are about, the picture is not as dire as LJ painted it. It was a really bad quarter but previous quarters were good, can't look at financials in a vacuum.
On a positive note, looks like the price of graphite is going up. Look at this video. Perfect window to enter into graphite.