GMN 33.3% 0.4¢ gold mountain limited

Ann: Strongly anomalous IOGC Copper and LCT pegmatites, page-22

  1. 7,244 Posts.
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    Cheeers mate exactly the kind of breakdown I was looking for, the only problem Im seeing here is low cash and this management seem to not worry about pulling a raise , even did 4 cap raises in 2022:

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    Im just doing my due diligence:

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    Management and directors taking around $600k a year. Now with a drill campaign underway more money coming out and before this the average burn has been 1.3 mill a quarter without the drilling. So the 2.1 mill remaining doesnt seem to last long. Ill definitely be watching closely but seems like they may be needing cash again real soon.
 
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