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Bullboard - Stock Discussion Forum Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company is engaged in the production of crushed ore, containing both gold and silver, mineral exploration, and... see more

TSX:GMTN - Post Discussion

Gold Mountain Mining Corp > Bottoming Process
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Post by Theckman1 on Jun 23, 2022 3:48pm

Bottoming Process

But I don't think we're at the lows quite yet (not news to anyone here, and certainly no revelation).  However, I believe we'll see a bit lower lows and we may have to base a while for an accumulation process.  We're at about $8.5-9M U.S. in EV, and it's going to be tougher to pull this down from here.  I have a nice bid in at .25, and just picked up 5k more at .27.  I'm happy to be super patient and catch shares lower from here.  In a years time they will be worth much more than they are now.  

At a .17 U.S. SP we'll be at cash.  Bring it down to the low .20's and it's going to be a battle.  All the best to those positioning, and holding.
Comment by TELEMARKER on Jun 23, 2022 7:25pm
suggest some belt tightening cut executive salaries in half, expense accounts / credit card limits, travel