If I understand it correctly, GRK has ~2.1B issued. $800K in the bank with a qtrly spend of ~$250K.
If this pans out, they have to immed. issue another ~166M, with another $250K (or equiv. eq.) to the vendor as soon as the VWAP stays at .006 for > 10 days and then commit to spending another $500K on the tenements over the next 12mths.
I will readily admit to being somewhat of a numpty. However, am I reading it incorrectly to say that another CR has to be imminent?
Is there something here I'm missing to say this thing is set to blow?
GRK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held