RE:RE:We could close at 10 cents by end of weekThey're not fully funded either. Their access to debt package is dependent on issuing $150m in additional shares.
kkkrrrr wrote:
the current CEO seems to be a honest guy ... the problem with GCM was the past management...they diluted the stock to hell ... but current manegement is willing pay down debt and buy back debentures instead of spending money on all fronts at same time.. this makes me feel good here..... the balance sheet is healthy now and future cashlow can be used to buy back 2024 debentures and investments in the 2 mines ... could be a great story from now on....
look at the marketcap of continental gold..they are already cheap compared to other miners/developers.. but their marketcap is near 400 million$ without a producing mine .....