RE:RE:Conservative date for GXE being debt free - Feb 15, 2025it would be cool if they double the dividend after that,. that would be then 20% + a divy, with current prices, with most likely over $1 stock price Yes, I can see, there could be some good opporunity here. Todays move to $.55 means the stock can move for sure.
lovehockey wrote: I will do the debt countdown in here. As of Sep 31 it had a adebt of $5.1 mln dollars. In the Q3 of 2024 they were reducing the debt approximately by $40,000 daily. Making an estimation that they will continue dropping the debt at the same pace as of Nov 22, 2024 their debt should fall by $2.12 mln so Gear Energy debt may have just dropped below $3 mln to about $2.95 mln.
Other expected milestones (yes, I am excited)
Dropping below $2 mln - around mid Dec
Dropping below $1 mln - around Jan 10, 2025
Debt free - Feb 12. 2025
Enjoy low price while it lasts!!!