Post by
stargazer1 on Jan 21, 2020 12:14am
Company has cash for 6 moths of exploration
Spending about $4.5 million/6 months and has $4.5 million in cash. 47.6 million shares, fully diluted, including warrants = 51.7 million shares. With drilling increasing, we might end up spending somewhat more than that.
The price of gold is climbing again, as well as the price of the stock. In 6 months we could well be at .50/share or higher. If the company raises money by selling shares, it can raise a year's worth of cash with a 20 million share offering. True, that will dilute us by 50%, but with the great drilling success they are having, and with the price of gold climbing, that should not hurt the stock price.
And eventually, we will be producing gold.
Comment by
Time4gold on Jan 23, 2020 9:53am
I am wondering if your .50 cents in 6 months was a typo. Gatling better be much higher then that in six months. Way to much risk here to not be. Look at what this team did with the Bonterra stock price when they first started that mine. With another 100,000 meters being drilled in 2020 supposedly, this stock will do well if all goes well. They need that announcement soon.
Comment by
DrWealth on Jan 23, 2020 11:19am
as of right now gtr should have at least 30 mil market cap vs peers i own. I can personally see it being 2 to 3x within 6 months to a year assuming all goes well
Comment by
stargazer1 on Jan 23, 2020 2:07pm
"I am wondering if your .50 cents in 6 months was a typo. Gatling better be much higher than that in six months." Personally, I think that it will be much higher than 50 cents, but I wanted to be conservative and not unduly influence people.