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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by OldManWinteron Sep 25, 2013 2:43pm
185 Views
Post# 21767089

RE:RE:Sad state

RE:RE:Sad statewell i thinking doing a financing right at the bottom didn't help. Would have been nice for them to try and raise money a long time ago at higher prices. Lack of forsight. The money they have now will probably just cover their salaries and fees. The permitting for the road is not even in place and they have to wait for 4 different approvals. Then its the negotiations with the first nations. Then there is the fact that this deposit is under a lake. There is no plans for any upcoming drilling, if so, they will dilute the hell out of this thing. The CEO resigned (never good). Bottom line is that to move this at all they are going to dilute the heck out of existing shareholders (assuming that they can raise capital ). Yes, I have lost money on this pig that I will never get back. 
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