How long can GGG last with all the court cases, administrative and logistical cost, as well as management fees before a capital raise? I know they have one in the past 12 months, but will they have another in the Short term?I feel the market wouldn't quite find a CR for GGG as a good thing. And fear that the market will react poorly, since there's is quite a bit of doubt as to their ability to mine their only tenement.
their cash flow is purely outgoing, 4.7 million pa I believe. Their share price keeps slipping, has a few pump days but hasn't seen itself above 20 cents for a long time. And doesn't appear that anything short term will be able to get it over 20 cents
How long can GGG Last?
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