OTCQX:GTBAF - Post by User
Comment by
Goaweighon Apr 29, 2020 10:04am
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Post# 30965811
RE:RE:The way I see it
RE:RE:The way I see itI believe he's talking about the float of the Spinco which will be around 12,000,000 shares and as it will remain a private reporting issuer and therefore not expensive to maintain there's no reason why it should need to issue stock to raise money for quite awhile.
As far as GBR is concerned unless we need to do another raise to do more drilling, which is unlikely, we shouldn't have to issue more stock either because we won't be around to put the mine in production. Hopefully by this time next year we'll all be the proud owners of Newmont which took us over on a 1 for 1 basis !
tarnoir wrote: Nice idea but no way O/S will stay the same - they will have to eventually do a raise to finance the project. They won't get that far - will likely be bought out upon PFS or some benchmark IMO.