I am glad someone thinks there is a future for this outfit. They are painfully slow, they have taken 5 years to do 1 years work. Shareholder communication is abysmal. They have delusions of grandeur in Chile. All of this has resulted in massive destruction of capital for a tiny uneconomic gold resource that has had no work on it for years and a small moderate grade copper resource that does not support a stand alone operation.
You are right that they have not scratched the surface. They no longer have the resources to undertake field work let alone drilling. To get anywhere on the gold or copper projects they have to raise $2M. They have let the share price collapse so much that this forced raising is going to under $0.005 per share. Only 500 million shares on offer after 40 years can be seen as good capital management or it can be seen as a lifestyle company that does the bare minimum of exploration to pretend they are an exploration company
GLTAH.
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Mkt cap ! $11.61M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $140.1K | 32.38M |
Buyers (Bids)
No. | Vol. | Price($) |
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44 | 41802166 | 0.4¢ |
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Price($) | Vol. | No. |
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0.5¢ | 27999959 | 17 |
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98 | 123869346 | 0.003 |
27 | 71950419 | 0.002 |
12 | 72801000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.006 | 10410994 | 18 |
0.007 | 14385120 | 16 |
0.008 | 6028969 | 2 |
0.009 | 4500000 | 4 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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