Post by
NineLives on Nov 02, 2023 10:51am
At $1.80
This stock is a steal. But buyers will only realise this when normalcy returns to the Gold sector.
GLTA.
Comment by
Aurum79 on Nov 02, 2023 11:07am
Cash burn rate is too high. Another major financing isn't too far off and at these prices it's just going to take more and more diluted shares to get to the finish line. It's a beast that feeds itself. Majors are making a killing and will gobble this thing up cheap next year. It's a sad story, I had high hopes for this one
Comment by
AlwaysLong683 on Nov 03, 2023 3:00am
I stay away from companies that are developing multiple projects with a large number of claims packages at various stages while eating through cash at a rapid rate. I'd rather own a company with one good land package (eg. NFG, ARTG) than one with many balls in the air trying to fund each, especially when higher interest rates and inflation are a factor.