GREY:GUYFF - Post by User
Comment by
The_Alchemiston Mar 29, 2020 10:04am
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Post# 30857255
RE:Guyana Goldfields proposes new LOM plan for Aurora
RE:Guyana Goldfields proposes new LOM plan for AuroraThis could get ugly before the “big turnaround”.
With an estimated capex of $140 million for the initial transition to underground mining, with $100 million of that probably raised through a P.P. With a current market cap of $50 million, shareholders should expect to see 100-200% dilution? The amount of dilution is all riding on the competency and honesty of management, I’d be concerned.
One day day GUY.T could turn into a compelling investment, but unfortunately, I don’t see that happening for a few years.
Not to push another stock on this board, but take a look at GCM.T Gran Columbia, they’re trading at $250 million CAD market cap, with estimated free cash flow for 2020 coming in around $100-150 million USD. Look for yourself.
Best of luck
The Alchemist