OTCQX:GLDXF - Post by User
Post by
ALLINAUon May 30, 2018 12:14pm
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Post# 28099660
Disappointed
DisappointedThe stock has been a disaster. I still think the company is a nice play on goldprice because the resource is very big but I´m disappinted with the management.
It seems they have a huge burn rate of money. Last year sometime in Sep/Oct they raised 6 M Cad and this year they will need to raise more money.
I bought the stock in early 2015 at 0,29 an now 3 years later the stock is below that. I should of course have sold a peace of my holdings when the stock took went up to almost 0,9.
They raise and raise money but they are not adding sharevalue as I expect. Since 2015 they have added the resource by how much? About 1 M AU oz? And consuming how much money? 10-15 Milljons CAD?