Originally posted by rjohnson1234
Just to interpose for a moment, I wont make mention about BMG but for me Chile is not the place to be, but that's just me. I ran the ruler over it and didn't get to the 30cm mark before I moved on. Its cheap but that doesn't mean it will make it, I hope it does but its not for me.
GLN is not about to run out of money, if you DYOR you will see that they have about 2 million in cash, and they have $4m in options to be converted by nov/dec this year (insider and management options, not traded options) and a 5 million dollar facility that can be called upon at any time.
@RJ
Thanks for that. I was just saying IMHO it is much easier for BMG to go from 0.8c to 1.6c than GLN from 41c to 82c. BMG just need to drill a few good holes than not hard to get to 1.6c or even 2c.
I made a bit from KDR when it was something like 25c and sold over $2. I realised from $2 to $20 a share (i.e. similar % of return) is impossible for KDR. I'm not saying KDR or GLN is a bad stock.
GLN. I was referring to Billyen saying 10X in 12 months time. By 12 months time (Feb 2020), GLN most likely be running low on cash and will need to do a raising.
Just IMHO, do your own research.
