GREY:GTMIF - Post by User
Post by
buxtondudeon Jun 30, 2011 12:07pm
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Post# 18784999
buxtondood, is someone jealous here? I wonder who
buxtondood, is someone jealous here? I wonder whoAs of March 31st, GMR had $43 thousands in cash, $285 thousands in long-term deposit, $965 thousands of receivables. They also have $800,000 of current payables. Do the math any way you want but for me this means they had on March 31st, less than $500,000 cash availabe. They also have $4.9 million for drilling (they have to drill and use the money this year, it's part of a flow-through financing)
If you are going to use capital letters, please do your DD before posting. At least now I know why it was trading under .10. Investors are not crazy about no cash companies.