More rubbish and distractions. Like GTC61 you need to lie. You dont seem to be criticle of them"on the other who would give them money based on the current performance." and "There is no way they have been near break even." even though they have provided nothing to shareholders for months They provided an updates in June and July. They even quoted how much they sell there concentrate for. What does Cronimet pay???? We might not have hit cash flow positive yet, but are very close to it and have plenty of funds in the bank. Well that another hard NO but lets wait for the Quarterly and then the full years numbers. including the support of the Government It is a loan which is nor cheap and the conditions looks like they were written by someone from macquarie. Have they draw down on it yet???
As I said before. Death by dilution remains likely for both companies. The difference is that G6M has 1 billion shares with EQR pushing to 2.5 Billion G6M has a market cap of 30m vs EQR at nearly 100 million.
From the Noosa presentation G6M focus is all about getting to cash flow positive VS EQR of increasing production at any cost.
I was up 3.33% and 2.37% in my 2 trading accounts yesterday. So i am doing fine. My current holding in G6M is very small and like betting red or black at the casino, but think it is far more like could double in share price in the short term.
EQR Price at posting:
4.2¢ Sentiment: Sell Disclosure: Not Held
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