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Gratomic Inc V.GRAT

Alternate Symbol(s):  CBULF

Gratomic Inc. is a Canada-based junior exploration company that is engaged in the acquisition and exploration of assets located primarily in Canada and Namibia. The Company is focused on supplying graphite. The Company’s projects include Buckingham Graphite property, Aukam Graphite Project, Capim Grosso, and Jacobina & Igrapiuna Graphite Projects. The Buckingham Graphite property covers approximately 480 hectares in eight claim blocks and is located seven kilometers (km) northwest of Buckingham, Quebec, Canada. The Aukam Graphite Project is located in southern Namibia close to the port city of Luderitz. The property is comprised of exclusive prospecting licenses (EPL) 3895, EPL 6710, EPL 7512 and EPL 7513 that cover an area of 141,600 hectares in the Karas region of southern Namibia. Capim Grosso is situated at the center east portion of the Bahia province, approximately 280 km from the port of Salvador, at the province capital, and 166km from Feira de Santana.


TSXV:GRAT - Post by User

Comment by Alpha007on Apr 26, 2022 3:12pm
90 Views
Post# 34633228

RE:RE:RE:RE:WELL DONE, GRATOMIC!!!!!! #TEAMGRAT

RE:RE:RE:RE:WELL DONE, GRATOMIC!!!!!! #TEAMGRAT Oh confused me, that's not "debt" in the traditional sense, it's just booking keeping numbers, that $77M is only their accumulated retained earnings (losses)/shareholder deficit, or think of it as how much they need to now go the other way in terms of revenue/market value to produce earnings to shareholders. That number is not connected to any obligations directly to the company, that is only under current & long-term liabilites (Payables, bank loans, debentures etc etc), because their main way to pay for anything seems to come from issuing shares, that doesnt hit their liabilities the same way as actual debt, it hits shareholders. IE they had recorded loss to shareholders of $36M for their Gazania investment because they issued or planned to issue $36M in equity (Market value) to pay for the deal vs obtaining actual debt. If that makes sense...idk i'm not an accountant, but they dont have $80M in debt lol.
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