http://www.gtaresources.com/news.html

GTA throws in the towel – GTA Resources to sell all mining assets for $1.05M – 2018-10-19 09:58 ET – News Release……….”The lackluster commodity markets, the depressed public market for junior explorers, the muted market reaction to GTA’s encouraging exploration results at Big Duck Lake, GTA’s remaining 2018 flow through obligations and the severe challenge of raising further capital all contributed to this decision. It was not made lightly,” said Peter M. Clausi, GTA Resources and Mining’s CEO. “We believe GTA’s shareholders will be better served in a growth industry other than junior exploration, while still having exposure to the assets through the to-be dividended shares of CBLT.”

This happens when there is no more capital to fund junior mining companies with low quality projects. I know there are several members here holding beaten down juniors. Better switch to companies that at least have some cash to survive or the so called optionality strategy will not work. Good companies however always find capital, see ITR raising $15M.

I personally believe this is part of the bottom process in metals and very positive for the sector as there are far too many gold juniors compared to other metals like Uranium or Copper

The following item really shows the disrespect for being critical with Management. I had the same experience recently where I asked too many questions about company strategy in public and CEO did not liked it at all as they prefer to play a positive mood for retail investors.

https://www.zerohedge.com/news/2018-10-19/youre-disaster-embarrassment-your-parents-ceo-rages-goldman-analyst-during-earnings