RE:RE:Sad to see a bankrupcy price for this stockCool man . Never said they were bankrupt , just the stock price , at all time low ( when gold is at all time high ! ) is trading at a bankrupcy price.
That said , it's time for gerald to modify its approach .
Both 55 & 56 holes are failures in some ways . The first with a real breakage and the second miss clearly the deep CS target .
Huge cost for the shareholders as it was financed by new issues , and all that time and work just for proving the gerald thought about the CS position was right .
At the end not a single oz added for the last 18 months at best.
To restore the trust , GP should :
Sell the Mulligan project ( for the treasury )
Postpone the deadline with Nem quickly
Consider a potential reverse split ( 10/1)
Talk prod quickly ( even very few by any mean ) north or south side.
Stop talking about his past everywhere .( this has never been a guarantee)
Spread louder the value on the paper of the tangible assets on the ground . ( huge gap with m.cap )
Talking royalty , stream, loan (?) to boost the shareholders faith . Stop talking difficulty for financing . The Goex is booming and ygt not.
Etc.. the more the decisions will be realeased at the same time , the more a reverse trend is possible.
Without a choc now the shareholders will continue to sell for a better gold stock .( pm could go way higher soon )
I very like gerald , but at the end he didn't deliver . It has been a downtrend since the first day of its take over . I hold a very solid bunch of shares as this stock should pay off . My fear is a bigger shark can buy all this stuff at anytime for almost nothing.
@red : gerald buying shares for a paltry $ 1000 here and there doesn't mean anything . At contrary it shows a sort of financial limit . At least for me . GL for us . -)
just OPINION.