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Bullboard - Stock Discussion Forum Guyana Goldstrike Inc V.GYA

Guyana Goldstrike Inc. is a Canadian exploration company focused on acquiring, exploring and developing mineral resource properties. The Company does not have any revenue from its operations.

TSXV:GYA - Post Discussion

Guyana Goldstrike Inc > GYA.V - Gold Jr - Buy Sell or Hold ?
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Post by STOCKRUS on Jul 24, 2020 12:48am

GYA.V - Gold Jr - Buy Sell or Hold ?

It's quite the scene for a small micro cap gold. Does one buy, sell or hold ?

Good project with real potential, and gold is moving into $1900 + range.

However .....

Will GYA receive the first $2M and bring back old man Romanex onside, and get back to doing what it is expected to do like explore, drill, and devolpe Marudi, add ounces, add value and in time sell to senior or major.

Old man Romanex wants his cash and he's angry, ( it's understandable)

GYA wants to sell 30,000 oz for $300/oz for $9M ($2M+$7M) to buy the oldman Romanex out 100% and tell him to take a hike to the seniors home with his million dollar + pay out.

Old man Romanex can't do anything with his Marudi project or mining licnese as long as GYA has an outstanding issues tied to Marudi.

Will Oldman Romanex pay back GYA and it's shareholders the millions of $ invested to date to regain Marudi 100%  .... very unlikely .. he too has no cash .........

Can Oldman Romanex option Marudi to another company, not possible with GYA in a legal contract tanglement with Oldman Romanex.

What 's left to do except to wait and .... Buy, Sell or Hold.

glta
Comment by u8fish on Jul 24, 2020 5:50pm
think it will get resolved...BUY!
Comment by shneps on Jul 25, 2020 8:44am
GYA has no assets- The Marudi Project was written of the books - see below Non-current assets:                                              January 31 2020                                    ...more  
Comment by Stooge on Jul 25, 2020 11:35am
Thanks for that analysis which seems accurate. A stock promoter here has been pretending that GYA has got those millioms of dollars via the forward purchase agreement. But nothing has been received. The last due date was July 14 and the last news release said it would be paid after July 14. However, the agreement is contingent upon GYA having an interest in the property, which it does not. So no ...more  
Comment by metals2019 on Jul 25, 2020 12:55pm
I'm still in all 3 of the entangled companies that have done deals with Metalstream, GYA, ALTA & CSQ. GYA has a dispute over the asset and looks like heading the way of CSQ, CSQ has been suspended (CTO) for more than a year now, and ALTA is/isn't above water - depending on what this Metalstream deal is about. Whilst terms have been released, at this point I can't figure out if it ...more  
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