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!