RE:RE:GYA.V - Gold Jr - Buy Sell or Hold ?Thanks for that analysis which seems accurate.
A stock promoter here has been pretending that GYA has got those millioms of dollars via the forward purchase agreement. But nothing has been received. The last due date was July 14 and the last news release said it would be paid after July 14.
However, the agreement is contingent upon GYA having an interest in the property, which it does not. So no funds will be coming via the gold purchase agreement. Management is stalling and every month that goes by they are billing tens of thousands for their fees. They won't get any money though but it will remain a debt owed and probably be paid in shares with any reorganization.