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GRMC Goldrich Mining

Goldrich Mining Co. is a gold exploration and development company, which engages in acquisition and exploration of mineral properties. It focuses on developing Chandalar gold district in Alaska. The company was founded on March 26, 1959 and is headquartered in Spokane, WA.

Company profile

Ticker
GRMC
Exchange
CEO
William V. Schara
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LITTLE SQUAW GOLD MINING CO
SEC CIK
IRS number
910742812

GRMC stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Apr 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.93K 1.93K 1.93K 1.93K 1.93K 1.93K
Cash burn (monthly) 5.3K (positive/no burn) 175.41K 117.2K 101.63K 73.25K
Cash used (since last report) 19.83K n/a 656.6K 438.7K 380.44K 274.18K
Cash remaining -17.9K n/a -654.67K -436.77K -378.51K -272.25K
Runway (months of cash) -3.4 n/a -3.7 -3.7 -3.7 -3.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Mar 21 Gallagher Nicholas Class S Warrant Common stock Sell Dispose S No No 0.03 1,633,330 49K 300,003
11 Mar 21 Gallagher Nicholas Class S Warrant Common stock Sell Dispose S No No 0.03 833,333 25K 300,003
11 Mar 21 Gallagher Nicholas Class S Warrant Common stock Sell Dispose S No No 0.03 666,667 20K 300,003
11 Mar 21 Gallagher Nicholas Class S Warrant Common stock Sell Dispose S No No 0.03 200,003 6K 300,003
10 Feb 21 Gallagher Nicholas Class S Warrant Common stock Sell Dispose S No No 0.03 1,000,000 30K 3,633,336
29 Jan 21 William V Schara Class T Warrant Common stock Buy Aquire P No No 0.03 22,105 663.15 6,000,000
29 Jan 21 William V Schara Class T Warrant Common stock Buy Aquire P No No 0.03 276,315 8.29K 6,000,000
29 Jan 21 William V Schara Class T Warrant Common stock Buy Aquire P No No 0.03 133,958 4.02K 6,000,000
29 Jan 21 William V Schara Class T Warrant Common stock Buy Aquire P No No 0.03 276,315 8.29K 6,000,000
29 Jan 21 William V Schara Class T Warrant Common stock Buy Aquire P No No 0.03 71,842 2.16K 6,000,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Management Discussion
  • On December 31, 2020 we had total liabilities of $9,588,289 and total assets of $703,858. This compares to total liabilities of $8,084,670 and total assets of $724,992 on December 31, 2019. As of December 31, 2020, our liabilities consist of $262,189 for remediation and asset retirement obligations, $503,590 of notes payable in gold, $3,641,053 of notes payable to related parties, $1,062,106 of notes payable, $1,838,362 of trade payables and accrued liabilities, $787,789 due to related parties, $959,504 of interest payable to related parties, $452,478 of interest payable, and $30,618 for dividends payable. Of these liabilities, $9,309,333 are due within 12 months. The increase in liabilities compared to December 31, 2019 is largely due to the secured senior notes payable that came due in October 2018 and as amended on November 1, 2019 to be payable within 10 days of a demand notice of the holders. In addition, notes payable in gold increased as a result of an increase in gold prices during 2020, which increased the valuation of gold ounces to be delivered under the contracts. The increase in total assets was due to a purchase of membership units in Chandalar Gold LLC, and interest receivable related to the arbitration for the year ended December 31, 2020, see Joint Venture.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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