comparison: goa and exm, page-2

Bobby, I agree that EXM is worse than GOA. But disagree that GOA has dubious future. GOA now has cash in the bank (from the capital raising, with approx half being relied upon by the underwrite by freefire). GOA doesn't need to come back to the market for a while, and will hopefully be self funding at some point. GOA also has something in particular, which is a major (20%) shareholder (freefire again) with deep pockets, who has committed to a long term investment. So they are seeing this through.

Of course, my comment on GOA having a future doesn't actually mean it's good for shareholders. Freefire might buy a lot of people out and take over the company at 0.2 or 0.3 cents (which would only be a market cap of $30m), and turn it into a proper little mine. So GOA has a potentially bright future, even if the GOA shareholders don't.

EXM, on the other hand, sounds like it needs a freefire type of partner/shareholder.