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Gastem Inc GTMIF

Gastem Inc is a Quebec-based oil and gas exploration and development company. Its main focus is to develop commercial production of the Utica Shale formations in Quebec and New York State as well as exploring the world-class potential conventional structures of the Magdalen Islands and the Magdalen Basin in Quebec. The company's operations include Yamaska Property, St Jean Block, Joly Property, US Appalachia, and the Gulf of St Lawrence.


GREY:GTMIF - Post by User

Bullboard Posts
Comment by mullatschakon Jan 04, 2010 1:35pm
414 Views
Post# 16635941

RE: RE: Just a few thoughts

RE: RE: Just a few thoughtsYou are right foshizzle. But, it is interesting, that GMR could do the flow through financing with the bigger market. I think, that GMR was forced to this financing from the participants of the PP in 2008. They haven't been lucky with their investment so far...
Now situation looks exactly opposite to last year. Bad times in the past, good times ahead.

The flow through shares for the Management are ok. They know that good times for GMR will be in front, so they easily could spend this money, which equals to the current price level, and contains an option for the future, which could be a second chance to make money for them.
Bullboard Posts