TSXV:GSVR - Post Discussion
Post by
ErinBrockovich on Sep 05, 2023 3:32pm
From CEO Boards
Value players are taking on a position.
@Magonista Was looking to diversify a little out of oil and gas and add some junior miners - looked through the financials here and it looks like they'll need to raise equity very soon to meet debt obligations, as they are losing around $8.5 million a quarter with just under $3 million in cash as of June 30th? Am I missing something? 0
@Magonista @littleowl - thanks - and the financing terms look pretty damn good considering where the share price is now. 0
@littleowl @Magonista note that Fidelity took the largest position in the financing, which was actually a bought deal by Cantor Fitzegrald, Apparently Fidelity couldn't take more because it would have put them above the 10% threshold. They are now GSVR's largest shareholder.
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