RE:I am worried !!!I do not think they will go bankrupt in the near future ... could they one day - yes, but not this year.
Only 6 months ago in Setember 2020 they were able to raise $ 887,000 from ( $600,000 from Palisades GoldCorp & $ 287,000 from other raise), so some people must think GER has something left in the tank, or up their sleeve.
I would think they have gone through most of that by now with drilling actvities and keeping the lights on... I think in the Sept 30 quarter they had about $ 400,000 cash on the books and $ 200,000 or so of receivables.
In other words, your concern is legit as probably only have less than 1 year of cash runway (assuming they have been producing profitably to top up the bank account) and either further shareholder dillution is planned for 2021, or they cant pay their debts and they are in trouble (I think some of the convertable notes are due in 2021?).
One can only assume with the deafening silence from the CEO that the drill results were a complete miss and waste of money? Until we here news on their progress or results, not sure what else to think.
So, survival of this stock really comes down to consistent feed ore feed to that plant, and consistent efficiency / reliability converting ore to gold.