Post by
klondike123 on Nov 09, 2015 4:11am
Value Going Forward?
I see a lot of BS on this board but no straight talk regarding value of this stock going forward. Since we are going to be a developer from a producer (negative) and have no producing assets, where do we lie?
1) Is there any value in holding this stock for the long term? (I own a couple of thousand shares at a cost basis of $1.25 Cdn)
2) Does this company have enough cash to survive the next year and shelve their main mine in Mexico? Wil they need to raise funds? WHat about a reverse split?
3) WIll this company go bankrupt?
4) Would you buy more shares below .20 cents Canadian between now and Xmas (Tax loss selling seas) for long-term or a trade?
Thanks for any reasonable input!!!
Klondike
Comment by
jeffa30 on Nov 09, 2015 9:45am
Klondke they spent more than half their remaining cash in Q3 (three months alone). And could be completely cashless this quarter. they will at least need what looks like a .10 range financing now as mining gold is at a huge operating loss.