Guyana Goldstrike Inc V.GYA

Problems with GYA

[HST1966]

Long time reader and 1st time poster.  Been watching this company for a while ever since I owned shares a year or so ago.  Been reading this and other boards over the last several months and have more questions than answers.  Right now they do not have a project.  They have no money.  Are they even still in the office in Vancouver anymore?  I heard they had to leave.  Why does anybody think this will breakout without a deal and without any money to explore or drill or mine. Maybe something gets done before the fall?  That's pretty vague. They can't meet the requirements of the crypto funding without a mining license.  Makes you wonder who is buying the stock and who is selling it.  I dunno seems like theres a zillion other places to put ones money right now.

[metals2019]

The crypto funding is not real. None of the companies have received any money despite the announcements. Unfortunately some of us are stuck here. 

[Scanner454]

one is never stuck...take your capital gain/loss and move on....totally unstuck

[ggrellette]

That is totally correct. However we would be unstuck if the CEO was replaced. Sadly he is incompetent.

[metals2019]

At this stage, anyone new coming in would inherit the supposed funding deal by Metalstream, which hasn't happened for any of the three companies they did deals with and doesn't look like it ever will at this point.

[Dantheman24]

That's why the stock must have high volume and almost at .08 cents today........

[Juniorobserver]

Of course it is not going to happen.  Why would MS give GYA or any of the others the money when they are not obligated to?    I think Metalstream needs the 3 deals to sell their tokens and if successful will just hang on to the money.

[Juniorobserver]

As soon as the metalstream deal is signed there is no room for other investors.......strictly a short term solution that puts money in the management pocket and nothing more. 

[shneps]

Why would Metalstream give money to GYA? The company has already written off Marudi, as an asset, back in January. As of January the company owed approx. $1.7M. With a burn rate of approx. $300,000/ quarter they are now well over $2.3M owing. Even if Metalstream gave them the first tranche of $2M (WHY) there is no money left to make the outstanding payments to Romanex and save the Marudi deal