Bullboard - Stock Discussion Forum Guyana Goldstrike Inc V.GYA

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Guyana Goldstrike Inc. is a Canadian exploration company focused on acquiring, exploring and developing mineral resource properties. The Company, through a letter of intent (LOI) with Jupiter Electric Metals Inc., is focused on acquiring the Jupiter Copper Project.

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TSXV:GYA - Post Discussion

Guyana Goldstrike Inc > News = Fantastic $9M

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Post by Fedrigo1 on Jan 28, 2020 1:25am

News = Fantastic $9M

Great news with GYA !

$9M gold forward selling contract financing

No shares issued, not to bad ... not even finders fees or commissions ....

Company can operate and drill alot of holes with that $

May have to look at buying more shares at these low prices

GYA can't stay at 4-5 cents with $9M in the bank imo

Looks like a better gold market too with Gold trading at 1570 + and rising.

GLTA

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Comment by lifegoeson on Jan 28, 2020 9:39am

No wonder the price is so low, these are pretty wild terms and conditions around future production.

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Comment by STOCKRUS on Jan 28, 2020 10:15am

Lifeboy ? How many jr golds do you know that can forward sell gold and recieve $9M for exploartion or develpoment ? Maybe GYA mgmt should have sold 200,000,000 shares @ 5 cents to raise the $9M instead ? With drilling and new depsoit discoveries ths $9M of gold will not be significant Sell $9M of gold to finance and drill a 1M + ounce potential proprety ... not great trade but ...more

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Comment by LowMoor on Jan 28, 2020 10:30am

I like the news and added to my position. Once they start drilling this is going to take off. I would compare this to what BRC did last May after they received the financing to drill. Same setup at .05- .06

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Comment by lifegoeson on Jan 28, 2020 1:02pm

Stockrus and LowMoor..... guys, don't get me wrong, but the "Boy" in me says this is a buy. It is all about timing, so this seem like a good place to average down or build a new position. My only point, it is obvious to see why the price dropped all the way below $0.05 while they apparently negotiated this deal. Great GYA has cash to drill and that there is no dilution. Future value ...more

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Comment by STOCKRUS on Jan 28, 2020 2:54pm

Good points Life, Zijin Resources Funds owns 20% and will not be impressed with a roll back. The share structure stays as is imo. Manipukating the stock up before a material $9M contract would alarm the regulators and IROC not to mention an investigation. Looks like management is careful not cause problems that GYA does not need. So far so good for GYA imo.

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Comment by Fedrigo1 on Jan 28, 2020 3:26pm

Good volume today. I think we will see alot more trading when the $$$$$ is in and GYA drills start spinning. Under 10 cents before further news is a good buy imo. After drilling & assays ... hard to call GLTA

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Guyana Goldstrike Inc