Uber is a modern day taxi service. Its technology immediately matches anyone who needs a ride with anyone willing to drive. The only thing more amazing than Uber is its implied valuation – $70,000,000,000!
I say $70 billion because Saudi Arabia’s public investment fund recently gave Uber $3.5 billion in exchange for roughly 5% ownership. I say “implied” because Uber is privately held, so a cadre of private investors control the price. On paper, Uber is worth more than 80% of all S&P 500 companies.
Pretty rich for an “app” that hails taxis!
Transportation is important, and so is healthcare, so I ask you: how valuable could the “Uber of Doctor Visits” be, now and in the future?
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All these comments on GGI. Wow, the pro’s and con’s. Let me share with you why I bought last week. It is not about one particular property. It is about the changing of the trading pattern and the chart. Now, you also can factor in the properties and what is about to come. I forgot who said yesterday that GGI should not be at these levels and he is right. GGI is ridiculously cheap and can go to the 30’s in no time. No, I am not kidding. So those who own this company of patience, hold on because its about to happen. Remember, I called GGI going to .05 when it was .15, and I am calling for GGI to have a spectacular 2nd half of 2016. Rambo, don’t bet against him.
Also, there are so many stocks doing well and you have your everyday cheap .05 or lower who has a nice run. But I noticed one today that I thought I would share with the group. I don’t own it YET, but I might come 4 pm. I noticed the chart, don’t know if Jon ever recommended this one or not cause I have been out of the loop with my travel.
TUO has a beautiful bullish pennant flag that looks ready to move north.
Comment by dave — June 29, 2016 @ 7:28 am
I agree with you Dave on GGI’s potential. Reading through the MD&A and financials released today (ending 30 April) more cons than pros. Working cap 529K vs liabilities of 563K, burn rate of 200k per month, June warrants & options have expired out of the money, Steve & Barrie have been deferring management fees since last August, spent only 47k in Mexico during the last 3 months – mostly on travel etc. – makes me wonder if Rambo has seen any drilling since only $291 was spent on drilling/trenching. GGI needs to find a partner to move these projects, or else we will continue to spin our wheels.
Disclosure – I’m long on GGI (involved with Company since 1995)
Comment by Dave2 — June 29, 2016 @ 6:55 pm
Burn rate 200k per quarter not per month
Comment by dave2 — June 29, 2016 @ 8:06 pm
Dave2
Interesting about the amount of money spent in Mexico, if that is true which it has to be or they couldn’t put in the financials then the NR on March 8 re: getting ready to drill Rambo must have never happened. Thus that is why we do not hear anything about the Rambo drill results as it appears they did not even drill… Jon what is your take on all of this, do you know for a fact that GGI drilled the Rambo targets?
Comment by GREG — June 29, 2016 @ 8:36 pm
Greg, of course they have been drilling Rambo—–was confirmed in NR (see below), on corporate Fact Sheet and in core photos. And program is ongoing, last I heard. They’re keeping quiet about it, yes, and one reason may have to do with possible sensitive negotiations with neighbor on adjoining ground (mine). Regoci has proven very effective at doing deals. Would you want to do something or say something that would drive up the price of a property you might want to acquire? Furthermore, I caution that any company’s financials can be a little tricky to read sometimes, and in GGI’s case some Mexican expenses have been reduced by coal revenues. And don’t forget, GGI is also using its own rig, so expenses are low to begin with and they’re not paying out to a drill contractor.
“First-ever drilling continues at the Rambo high-grade gold-silver target contiguous to a known robust vein system on the eastern edge of the Rodadero project in Sonora state, Mexico. The discovery model for Rambo closely parallels the one developed by the same Garibaldi geologist for the high-grade Don Ese vein system, now an important part of Coeur Mining’s Palmarejo mine in Chihuahua state.” (GGI NR, April 26, 2016).
Comment by Jon - BMR — June 29, 2016 @ 9:22 pm
Jon
forgot about the drill core on the website
thanks
Comment by GREG — June 29, 2016 @ 9:42 pm
Thanks Jon
Yes there are pics of 6 drill core samples on website. Coal royalties only contributed $3699 yr ending 31 Jan and have been sold off. GGI needs to take a look at CXO’s playbook…15 holes drilled already, almost 2000 meters, results starting mid July.
Comment by Dave2 — June 30, 2016 @ 6:27 am
Re:GGI something just does not add up, Regoci is obviously a very intelligent person and negotiator , so surely he realizes that you have to have news flow to get the share price up , so why does he not release any results from the Mexico properties ? Are the results bad? It’s been almost a year since La Patilla and months since Rambo, as we can see from CXO it does not take months or a year to get drilling results. So I ask what is Regoci hiding???
Comment by Greg — June 30, 2016 @ 8:44 am