Post by
ROSOLVE on Sep 01, 2017 3:49pm
G O M... BURN RATE***
Golden Dawn spend a lot on marketing... We have a saying in the analyst world. If you want to know ANYTHING about ANY public company.
GO TO THE FINANCIAL STATEMENTS... All questions are answered by hard financial FACTs...
Also. ( ITS THE CFO WHO ALWAYS RUNS THE COMPANY ANY COMPANY ). Also note, how much do you think G O Ms legal bill is...
When GOMs did the FUNDING, through LIND PARTNERS OUT OF NEW YORK, to buy the LEXINGTON & THE GOLDEN CROWN. LIND had to DRAFT an ( S P A ) now this is a US document, the BCSC, were all over it, making sure that ( S P A met their ( burdensome regulations).
FACT... That deal nearly went up in smoke, because of the commission delayed the SPA financing, that had to meet Canadian regulations. Also the company didnt close on time, with HUKAN. GOM lost the first deposit & 600k stock... ( that was blown back at G O M in the Mkt. ) The deal was extended by HUKAN for further 1million shares and another 50 grand cash.
(Warrents out standing still to come)
Wolf has an excellient legal team, that got GOM through a lot of red tape. Believe me. Now the company has to deal with govenment, and enviornmental agencies... Get the picture.
GOM is burning through at lest $150k a month... Who said it was cheap running a public company, not a BS exploration play... I mean a company that is going to exstract oz out the ground, NOT TAKING DOLLARS OUT THE AIR... Oh and i want to confirm, that 45 million shares are in friendly German hands ( F A C T )
On Wolfs last trip to Europe, GOM hired a grand hotel hall and had a Q & A meeting with the largest share holder group. And anybody else who was interested. That meeting went down very well(F A C T )
And you wont see those share holders flipping for the odd penny or two. Not like us Americans and Canadians. ( MY HANDS ARE UP... ME TO )
Wolf has spent close to a couple of million bucks from fall 2015 to this point and theirs more to spend. FACT: GOLDEN DAWN KNOWS THAT THERE IS NO OPTION FOR FAILIER WHEN THE HAVE TO CLOSE ON THE MAIN 7 to 10 MILLION IN THE FALL.
Comment by
scanner18 on Sep 04, 2017 8:54am
If they can get mining in the third or first quarter and gold stays above thirteen hundred dollars potential imho is substantial...spending money to make money is necessary in most business models