GLN has $2.1M left with cash outflow $1.7M for the March quarter. They are running out for cash for June quarter so the CR will follow the pump. I seen this so many times over and over again regardless if they have the best resource etc. Unfortunately, majority of LPI holders holding to their shares so there is no volume to create more liquidity to this stock. I am surprise Canaccord have been very quiet lately. We need a few more brokers onboard to get the momentum going.
LPI Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held