DAW6S
Oct 3, 4:14 PM
$GLND $GEOM.X
The real investment is GEOM. Outside operators and drilling projects will be tokenizing their projects on it. It doesn’t depend on the success of GLND.
GLND extended the drilling deadlines to Dec 2028, has half of the
$70 mil cash left, and is about to dilute holders by 60% with this 80 Mile acquisition.
All-share acquisition prints 62 million new shares for 80 Mile holders. That dilues us by 60%. The warrants everyone talks about only recoups 10% of that dilution for us GLND holders. Therefore in total we get diluted by 50%. This has a gap fill in the
$1.20-1.37 range. It also could hold in the
$2.30s and not fill that gap.
Either way this is going down before it goes up. I’ve been a bull for awhile, but I’m not stupid. I trade for profits, not for emotions.
3 replies