OTCQX:GTGDF - Post by User
Comment by
AuM2018on Jan 18, 2019 11:18am
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Post# 29251266
RE:Toottoot .....tut tut
RE:Toottoot .....tut tutToottoot isn't necessarily wrong.... All the focus this year has been on Saddle North. There is no, new news coming on Saddle North until at least July.
The 22 holes from Saddle South, who knows what they bring, but, I believe they've been sitting on these for a while.... they were drilled before most of the holes in Saddle North, so those assays should have been ready. BUT, in management's defense, they likely put rushes, or prioritized assay results from Saddle North, given the discovery.... I don't know.
If you look back to the market reaction to the holes in SS, the stock sold off, so I don't have high hopes for how the market treats the remaining holes.
And as Toottoot astutely observed, there is very likely a dilutive equity raise coming. They spent almost $10mln in 2018 on exploration, I would expect a similar sized program for 2019.... $10mln on a $62mln mkt cap is roughly 10-15% dilution.
GLTA