Post by
Tree2tree on Dec 05, 2021 9:27am
Learn to read SEDAR
"The Company will focus its efforts on its Sanoukou gold properties in Mali and seek strategic alternatives for the Tilemsi Phosphate project."
Efforts? What efforts? The company doesn't have the means to make any efforts on anything.
"On February 21, 2018, the Ministry of Mines of Mali re-issued the Sanoukou gold exploration
permit to the Company. The permit is valid for three years with two successive renewals of two
years each. During the nine months ended September 30, 2021, the Company submitted a renewal of the Sanoukou permit with the Malian authorities. The renewal is under consideration and there is no indication that the permit will not be renewed."
Translation: GQ's only gold permit expired in February 2021 and has not been renewed 10 months later. And there is no indication that it WILL be renewed. Probably because GQ has totally failed to meet the investment conditions, just like the phosphate permits. So factually, GQ has no gold permits in Mali or anywhere else.
Not to mention the financials. GQ is essentially bankrupt with debts over a million and basically zero cash. Who would agree to provide financing, simply to pay salary arrears to management and other debts, and still have no money to do anything? Especially when you look at GQ's record of eating money and getting nowhere.
Some people will call this a lottery ticket, but that is generous. This is like a lottery ticket that you find lying on the ground because it was not a winner and the owner threw it away.