Golconda Gold Ltd. (GGGOF)

[geodan]

6 hours ago

Katchum has Video out. I have email in to Nick on Friday no response yet, on same issue. I guessed 0-2 million debt after deal, seems him digging deep thinks less than .5 million debt left? And also big royalty liability gone too. So only 5% of equity in Galane is lost yet almost all debt and also payables and royalties owed are gone.

So will Galane be obliged to take a big credit over this, such as $10+ million profit credit for getting rid of debt while losing tiny equity in 2022? Seems so. Katchum is thinking 5 bagger in 1-2 years just based on 5 X EBITDA. Worth watching.

I would not be surprised with 5 bagger in next 18 months.