GRL 0.00% 1.9¢ godolphin resources limited

Ann: Annual General Meeting Presentation November 2020, page-5

  1. 956 Posts.
    lightbulb Created with Sketch. 155
    could have been a lot better balance sheet. 4 million won't last long with multiple targets to drill.
    I suppose management needs to know what they have in this early stage. However burning money on multiple fronts will induce dilution and cash raises
    .

    This could fall into hole very quickly. Management need to pull themselves out of the mud and the prospects better deliver.

    A bunch of disgruntled shareholders and a trading/investor house that will sell into any good news will not be a good mix for some time. Especially if results are mediocre.

    Last edited by Xrsism: 13/11/20
 
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