So the reason I like Andy Wilde (AW) is because the companies he has been involved with usually spike a couple of months after he comes on board. So BGS he comes on board in Apr 2017 and it spikes at the end of the year. DYL he comes on board in Sep 2017 and it spikes in Dec 2017. He didn't have a good run with Gold Fields Limited it when sideways over the 2 years he was there, but that was 2006 to 2008 which wasn't a great time for the stock market anyway. But basically lately the companies he has join have gone well in the short term.
Now as to why I like these tenements/company, well it is a lot of things. 1st they have a set plan, most spec companies say that they are going to drill holes and then see what happens from there. GLA has set out a plan for the next 4 and a half years, to me this says these guys are focused on getting this done and have set out a plan to do so. 2nd is that they are not paying themselves much, look at the last cashflow report 50k for the quarter between 4 of them. The company isn't making money so they aren't paying themselves big wages. If you want to see if a spec company is crap or not check how much they are paying themselves, I have seen directors on 250k a year and they have only just got a tenement, those are the companies that you want to stay away from. As for the tenements I think they are good, what makes GLA a good buy is that it sits right next to TNG, which is a Vanadium-Titanium-Iron project with a Market cap of 116m. So it is possible that GLA has Vanadium which is kinda hot at the moment because it stores energy better then Lithium. The next thing reason GLA is good is it has people I respect in it, furniture is here, so is Minoil, then Strauss on Twitter who used to be on HC is here and others as well. So basically it ticks all my boxes, low cap, good plan, ok management, people I respect in it and good tenements with the possibility of Vanadium as well,
Here's the twiiter link to GLA mapped right next to TNG.
