Great Lakes Graphite Inc GLKIF

Going Going, Gone?

[settoretire]

The Company has incurred a loss of $389,954 during the three months ended January 31, 2019 (three months ended January 31, 2018 - a loss of $1,857,036). The Company has $1,498,323 in unspent flow-through commitments. The Company has not met the required spending requirements within the prescribed period. As at January 31, 2019, the Company has an accumulated deficit of $19,113,492 (October 31, 2018 - $18,723,538). The ability of the Company to carry out its planned business objectives is dependent on its ability to raise adequate financing from lenders, shareholders and other investors and/or generate operating profitability and positive cash flow. There can be no assurances that the Company will continue to obtain the additional financial resources necessary and/or achieve profitability or positive cash flows. If the Company is unable to obtain adequate financing, the Company will be required to curtail operations, exploration, and development activities and there would be significant uncertainty whether the Company would continue as a going concern and realize its assets and settle its liabilities and commitments in the normal course of business.

[Gold_Addict]

Nothing like a going concern warning to take the wind out of your sails.  Disappointing. 

[Luckierjack]

Didn’t you know that this board is only for pumpers of the stock and you are not allowed to say anything negative (read truthful!!!) on this board. This thing is continues to deteriorate and not generate revenue. Again, good luck to all longs.  LJ

[iamburt2]

Three months into the new year and the big step forward as suggested by the company has not happened.  Just another  misleading direction purposely sent out.  I would not be suprised to see GLK being de-listed and the private company with  any assets or contacts being acquired by the major Ferguson group. I notice any tweets lately have been very vague and offer nothing