Gold Canyon Resources Inc V.GCU

Sad state

[OldManWinter]

Looks like a test of the lows coming. Very sad that this company has been run into the ground.

[Torontonian52]

In your opion what did they do to "run the company into the ground"?

[OldManWinter]

well 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

[Torontonian52]

Feel you pain big time. If we believe in fairy tales,,,,, maybe a knight in shining armour will come to our rescue. I have learned to never say never! What else can I hang my hat on ????