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Bullboard - Stock Discussion Forum GLOBAL MINERALS LTD NEW GMFLF

GREY:GMFLF - Post Discussion

GLOBAL MINERALS LTD NEW > Email from CEO
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Post by touareg on Aug 13, 2013 5:32am

Email from CEO

I got an email from Bill Pincus answering the 2 questions I asked..
The comany has approx $2.5 million cash and no current financing plans..
Obviously money has to be raised to advance Strieborna but at least they have enough cash to wait for more favourable curcumstances... nice pop in the POS last few days.. lets hope it's the start of a recovery.. also only a matter of time before weak hands are done here..
Comment by GoldSilverbug77 on Aug 13, 2013 12:31pm
Touareg : Thank you for the update :)
Comment by truespeculator07 on Aug 13, 2013 5:31pm
In my opinion there is so much going on for this company. They have got about 14.5m ounces in M&I category and another 13.5m ounces in inferred category. Not a big deposit but a decent one. The recent update they published about their drilling results is quite encouraging and could potentially double this 28m ounce resource with potential for more as strieborna vein has connections to the past ...more  
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