Post by
Dirt2Oil13 on Mar 15, 2016 12:44pm
Spoke with IMHL
GCO went through reverse take over IMHL is now in full control and we are under there direction.GCO no longer has an office in Canada there is no investor relations.IMHL owns Altia RU Metal. ARM witch owns lease to Karakul.IMHL owes Altai Ru Metals dept to Invest Project LLC. IP and IMHL are still working on a solution to financing dept.IP has been very helpful and is giving IMHL Ample time. We can't move forward untill they resolve issue. Erin has nothing to do with GCO all the team from GCO now works for GEM witch was created to safe guard us from IMHLS dept to IP.If it is settled we are laughing and now we wait for Russian companies to work out deal.I would expect positive news to come from GEM before GCO.GCO news will be slow coming and be all at once not little bits and pieces.Dirt2Oil13
Comment by
Winwarrior on Mar 15, 2016 1:08pm
Thank you, this was most clarifying. I was surprised to read your comment that you think it will be GEMC not GCO that releases news of substance first. I do not agree with your assessment though given the other info you shared in your post. It makes sense at the end of the day. Thanks again.
Comment by
boneafide1 on Mar 15, 2016 1:34pm
Thanks for the info from IMHL. I am long GCO, but with Erin Chutter at the helm, not too hopeful of their performance. Other than talking glibly with analysts, she has proven to be an incompetent CEO.
Comment by
mooseslayer on Mar 16, 2016 8:51am
She will be with the new GEM, not with GCO.
Comment by
boneafide1 on Mar 16, 2016 12:19pm
Thanks for clarifying, mooseslayer, same thing applies to GEM - not a good future with Erin Chutter as CEO.
Comment by
Dirt2Oil13 on Mar 16, 2016 1:52pm
Erin not CEO of GCO Mike Smith is but she is chairman under and has advisers in different spaces to help plot course for him.Dirt2Oil13