Post by
INVESTING2000 on Dec 27, 2022 11:44am
Out. GLTA.
Luckily I dumped a large portion of my position last run to $0,10. Was waiting for the next run that never came. Like Eagle, time to get out. Balance now sold and will take the tax loss. Last straw was the year end financials and a financing at $0,05. Next a 10:1 reverse, bankruptcy, or both, just like AM Resources.
Another failure of a year. Tomagold is now down to only 232,000 shares of Iamgold. All Pacton shares are gone. And we now seem to own shares in a coal company. Don’t recall any news releases about that.
$8 million deal with Iamgold and where did all the money go? Bagholders are now stuck with a $0,035 stock. No drilling. No results. No news. Significant dilution. All the recent financing will do is continue to pay David and Martin their high salaries, bonuses, expenses and rents.
BOD should be embarrassed and ashamed they allowed thing to get this bad. They have been useless.
GLTA hanging there. I hope things get better for you.