more interest now..., page-4

Hi defabstar,

many others have made an issue of the "cash burn"

I would suggest the buyers of the stock do not see it as an issue !

Do not forget the major shareholder with over 50%

is SSI..... And SSI has $7.7 mil in the bank..

from a placement at $3.50......... just done

It has been said SSI is where it is now

because of the promise in GCN ...

Carmichael make that point and First Berlin ....

The fact the this comapny could take itself forward

on what you say is just ~ 362k a qtr..

Has always been a major point

The cost base is low !!

But the potential revenue is HIGH from a world mkt ..

Also realize this sector has been out of favor

And gold like this tends to come in clusters

currently hold EMI .. A long term chart tells a similar story... though I grant here We have earnings and Div already ! But I think EMI was not always seen to be investment grade either !

key thing for GCN now is the strength of SSI

That is financial strength of SSI ... $7.7 mil placement

must be seen as a vote for GCN as well

In My opinion !

And the buying is not being driven by HC daytraders
I would judge ?

You know I bet at some stage GCN and SSI were much the same price as QTK and MUL.... I never have held them... when the SSI GCN posts outnumber MUL or whatever hot stock ! that might be the time to consider selling..

Your post is one of the few... If No one here is holding
they can not sell can they ? So all in all I think it looks ok,,,, but then I am not a short term trader !

And I wish HC members well with what ever stocks they do hold



motorway