RE:Glm cashed upRobertis1 wrote: My estimates are $5m in cash. With the current $12m market cap the projects are worth $7m. Dirt cheap.
I am estimating their cash - can someone verify or confirm?
all in my opinion
They had $5.4M in cash as of November 30, 2021 audited FS on SEDAR. They had a cash used in operating activities of about $4M [This is a rough estimate of burn rate]. It has been 4 months since then, so assume they burn $350K a month so cash at March 31, 2022 would be $2.6M? The Q1 FS February 28, 20211 won't be filed until sometime in mid-late April so hard to know what the exact cash amount is. I did not spend time on how many warrants and options were excercised which helps their cash. I would not say they are all cashed up and they will need to raise cash in the coming months hopefully with a higher stock price. Looking forward to the pending holes at Hamburg. That could be a game changer and why I got back in here.
BC