Great Lakes Graphite Inc GLKIF

What good things are coming?

[Luckierjack]

If someone does a quick look at the October 31, 2017 balance sheet they have $400,000 in assets and $5,000,000 in liabilities and that is not counting the flow through problem, although they did accrue an amount to pay the CRA and shareholders.  Who would invest in this company given those metrics?

If anyone has an answer, I am all ears.  

Luckierkack

[BueBoy]

Simple answer - potential. Same with most stock on the Venture. You do the research and take a punt or you don't invest and go somewhere else.

[Luckierjack]

Just asking a question.

[Rafael44]

This post has been removed in accordance with Community Policy

[Floridas2000]

  I will answer this question if you do one thing.  Just one thing.  Give financial comparatives of graphite JVs so that I can properly answer this question.  Take any 2-5 companies and lets go from there and I will gladly show a business case on why to invest in this company. Look forward to your research.

[uncleronstips]

one only has to look at Tesla which is valued at twice the SP of Ford , a company that sold millions of vehicles and made a solid profit last year and Tesla which sold 100, 000 cars and lost $5 billion. I'm sure the management of GLK are going to maximize the most value from this new direction the company is taking. They have spent years and invested $ millions in GLK , now, why would they

[Luckierjack]

Let's start with SRG graphite. They have a good project in Guinea, cash in the bank and no pile of debts.

[Floridas2000]

Give me numbers and let's go from there.  While you're at give me the amount of money they will need in order to get their project into production.  How much cash in the bank.  How much revenue they are currently bringing in and their total liabilities. I am not being difficult.  I would like to know the numbers of other companies, including a GLK partner like SRG or