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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

24 May 21
30 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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) 950 950 950 950 950 950
Cash burn (monthly) 327 3.37K 122.72K 125.21K 67.99K 79.83K
Cash used (since last report) 1.31K 13.47K 490.87K 500.85K 271.98K 319.34K
Cash remaining -358.03 -12.52K -489.92K -499.9K -271.03K -318.39K
Runway (months of cash) -1.1 -3.7 -4.0 -4.0 -4.0 -4.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Gallagher Nicholas Class T Warrant Common stock Sell Dispose S Yes No 0.03 150,410 4.51K 0
1 Jul 21 Gallagher Nicholas Class T Warrant Common stock Sell Dispose S Yes No 0.03 600,877 18.03K 0
1 Jul 21 Gallagher Nicholas Class T Warrant Common stock Sell Dispose S Yes No 0.03 828,947 24.87K 0
1 Jul 21 Gallagher Nicholas Class T Warrant Common stock Sell Dispose S Yes No 0.03 718,421 21.55K 0
1 Jul 21 Gallagher Nicholas Class T Warrant Common stock Sell Dispose S Yes No 0.03 526,312 15.79K 0
1 Jul 21 Gallagher Nicholas Class S Warrant Common stock Sell Dispose S No No 0.03 300,003 9K 0
8 May 21 Gallagher Nicholas Class T Warrant Common stock Sell Dispose S Yes No 0.03 1,333,333 40K 0
4 May 21 Gallagher Nicholas Class T Warrant Common stock Sell Dispose S Yes No 0.03 166,666 5K 0
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

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 March 31, 2021, we had total liabilities of $9,903,587 and total assets of $668,568. This compares to total liabilities of $9,588,289 and total assets of $703,858 on December 31, 2020. As of March 31, 2021, our liabilities consist of $263,811 for remediation and asset retirement obligations, $451,153 of notes payable in gold, $1,062,106 of notes payable, $3,717,895 of notes payable – related party, $1,883,389 of trade payables and accrued liabilities, $508,177 of accrued interest payable, $1,097,529 of accrued interest payable – related party, $50,600 CARES Act PPP loan payable, $838,309 due to related parties, and $30,618 for dividends payable. Of these liabilities, $9,635,755 is due within 12 months. The increase in liabilities compared to December 31, 2020 is due to an increase in trade and related party payables, an increase in interest payable and interest payable – related party and additional borrowings under notes payable - related party, largely resulting from costs associated with arbitration. Total assets and its components did not experience significant changes, with the exception of a decrease in cash and a decrease in prepaid expenses during the quarter ended March 31, 2021.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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