Post by
snoopdogs on Jul 17, 2016 9:01pm
DEBT ???
No sure on all the evaluations that are being calculated here but the TOTAL DEBT is the 2 debentures due in 2018 and 2020 total 170 million dollars, plus anything in this past 6 weeks of repairs and no income.So the value of the company is a lot less. At over a BILLION shares out there after tomorrow, I see a 10-1 reverse split coming in the near future. There may be a pop when mill starts up but can't see much upside for awhile after that. Hope I'm wrong, GLTA
Comment by
chillyballs on Jul 17, 2016 9:16pm
Snoopdog...are you mixing GCM and AUE together....debenture debt is gcm. They have at least 18months before their dilution begins if the debt isn't paid....AUE debt isn't as big but the share dilution is right now at over a billion.
Comment by
snoopdogs on Jul 17, 2016 9:23pm
Chillyballs you are correct, my bad, yes it is GCM I was thinking about of total debt. Still feel the reverse split in the near future.