GREY:CRDNF - Post by User
Post by
cigarbuttson Feb 04, 2019 2:59pm
273 Views
Post# 29316451
Tough Economics to Earn a RESPECTABLE ROE
Tough Economics to Earn a RESPECTABLE ROE Yeah that IS a big roll of paper to be FLOATED on the market between now and Sept. 2019 Option Expiry.
Also, I looked at the Income Statement. Almost $3M in G&A for the September 2018 Q.
That is a Pretty HIGH BURN RATE IMO. $12M annualized on a $135M Market Cap.
Your almost at a double digit hurdle rate on return on your investment BEFORE you even recover the cost of SG&A here!!!!
My buddy thinks that maybe Financing the DRILL BIT with money from Sprott could be the kiss of death for these guys, and the beginning of the long downward Death spiral.
Think I'll look again IF it gets cheaper!!