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Great Lakes Graphite Inc GLKIF

Great Lakes Graphite Inc is an industrial minerals company focused on bringing carbon properties and products. It focuses on the manufacture, marketing, and sales of graphite products. Its product is categorized in types: graphite and advanced carbon products. Some of its natural flake graphite products are Micronized, High purity micronized, Ultra-high purity micronized, Spherical purified, and Coated spherical purified. The advanced carbon products include ALD-Coated graphite, Graphene, and Carbon composite materials.


GREY:GLKIF - Post by User

Post by settoretireon Apr 02, 2019 9:52am
154 Views
Post# 29568958

Going Going, Gone?

Going Going, Gone?The Company has incurred a loss of $389,954 during the three months ended January 31, 2019 (three months ended January 31, 2018 - a loss of $1,857,036). The Company has $1,498,323 in unspent flow-through commitments. The Company has not met the required spending requirements within the prescribed period. As at January 31, 2019, the Company has an accumulated deficit of $19,113,492 (October 31, 2018 - $18,723,538). The ability of the Company to carry out its planned business objectives is dependent on its ability to raise adequate financing from lenders, shareholders and other investors and/or generate operating profitability and positive cash flow. There can be no assurances that the Company will continue to obtain the additional financial resources necessary and/or achieve profitability or positive cash flows. If the Company is unable to obtain adequate financing, the Company will be required to curtail operations, exploration, and development activities and there would be significant uncertainty whether the Company would continue as a going concern and realize its assets and settle its liabilities and commitments in the normal course of business.
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