Post by
tonyturbo on Jun 02, 2021 7:05am
Ok, I think I'm done know GLTA
May 14th 2021
The miner noted that it would not generate sufficient cash from operations to fully fund its planned investment
We kind of knew that hence the money from New Gold as stated March 24th 2021
They made the May 14th news release sound so bad but overall it wasn't all that bad.....Horse Hockey
Comment by
wictor11 on Jun 02, 2021 2:36pm
Why sell now at the low with gold prices pushing past 1900$C?? Fully understand your frustration, if gold price was moving downward I would do same. Still a total disaster.
Comment by
Paray99 on Jun 02, 2021 4:00pm
True, I will hold for next 2 years. It will double from here!
Comment by
JAB1987 on Jun 03, 2021 11:12am
I sold off 80k in shares at 16.5 and bought it back at 10.5. This company is managed by borderline fraudulent means but the ozs in the ground will result in a buyout eventually. I can't imagine New Gold isn't looking at the $2500 aisc and thinking they can shave several hundred dollars off if they takeout.