Both EQR and G6M have released their June 23 quarterlies. Both met expectations. EQR steady as she goes, a lot achieved in the quarter and building production rates. G6M also a lot achieved in the quarter but not much to show for it yet and burning money fast and needs to raise funds this quarter.
Neither company released great details around production. But from the cashflow reports we can still compare the finances of the two, which at the end of the day is really all that matters to most.
G6M EQR 1 Produced 800MTU 15000MTU 2 Revenue from operations $0m $1.076m 3 Revenue other $1.824m $5.830m 4 Operation Costs for Quarter -$14.58m -$3.076m 5 Net Operation Costs for Quarter -$12.755m $3.819m 6 Interest paid $.545m $.021m 7 Debt end of Quarter $52.164m $5.5m 8 Cash end of Quarter $9.032m $5.336m 9 Share Price/MC $.12 / $122.5m $.075 / $110.5m
With any luck production ramps up enough over the next quarter that both companies will be releasing some decent information regarding ore mined/processed/grade/etc.
GLTA
Both EQR and G6M have released their June 23 quarterlies. Both...
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