Gold Mountain Mining (GMTN; GMTNF)

Record date: 07/04/2021 – April 7, 2021.

Gold Mountain Mining reached out to me a couple of weeks ago with the question to come to my show. Little did they know, the CEO BBQ is not an advertising platform. It’s a place where CEO’s come to get their true identity and intentions exposed.

As always, I said I’d accept only under the conditions that I get to ask my own questions, the questions don’t get shared beforehand and the company has no influence on what I include or don’t in the final edit, and they still have to pay for the production and distribution of the interview. I sent my conditions over to the company and they got back to me after a while, saying that they will “pass for now”.

A while after that, the marketing company that’s running Gold Mountain Mining’s marketing campaign contacted me again, asking if I wanted to do an interview. I sent back my conditions and pricing, and asked if they were sure there isn’t some misunderstanding given that they already declined those conditions previously. This made me quite suspicious and I went to look more into the company’s marketing efforts and I’m not a fan of them so far.

The marketing is rather aggressive and most of the YouTubers covering it sound to me like a broken record. There is little talks about the risks or covering the negatives, which every company has. Not knowing or not willing to talk about the risks of your company is a big red flag for me.

So, this is how this interview came to be, which means I had some uneasy questions to ask, and so I did, in this interview. Given that I’m very much a beginner in the commodity sector and the stock market in general, I’m out here to learn. So, whenever something doesn’t make sense to me off the bat, I call it out. And so I did in this interview.

I finally got a sit-down with Kevin Smith and asked him all about “Canada’s next gold miner” and whether they’re being too aggressive with marketing and whether they have plans to grow, and whether this is a pump & dump, and whether him being non-experienced will have an influence on Gold Mountain Mining in the long term.

This was definitely an interesting interview to sit through and I did learn a lot. The story behind this gold junior stock might seem very compelling at first glance, but don’t forget to dig deeper than the surface. Gold exploration companies (often times, not always) have to spend a lot more money on their gold exploration projects, in order to “de-risk” them, in order for them to become more interesting for major gold producers (gold mining companies) to purchase them or in order for them to be able to start making money on them.

TIMESTAMPS:
00:00 INTRO & IMPORTANT MESSAGE
03:00 ABOUT GOLD MOUNTAIN MINING
04:30 WHY CAN I TRUST YOU TO KNOW THIS IS THE RIGHT PROJECT?
05:50 INVOLVED IN ANOTHER COMPANY ISN’T THAT TOO MUCH?
06:25 WHAT IS THE ROLE OF THE CEO?
08:00 OMNIBUS EQUITY RESOLUTION 20%?
10:00 WHY PAY FOR MARKETING?
12:11 IS THIS A PUMP & DUMP?
15:34 SHARE DILUTION TO COME?
16:40 WHAT IS THE $1M INTEREST PAYMENT?
17:38 HOW MUCH MORE MONEY DO YOU NEED?
18:33 HOW MUCH OF THE CEO’s MONEY IS IN THIS COMPANY?
21:08 WHAT ARE THE MAIN RISKS FOR GOLD MOUNTAIN MINING?
25:00 HOW CAN YOU REPAIR DAMAGE BY THOSE RISKS?
26:57 WHAT IF YOU DON’T GET THE PERMIT?
28:13 10-YEAR PLAN FOR GOLD MOUNTAIN MINING
32:30 HOW MUCH FREE CASH FLOW CAN I EXPECT?
34:50 CONTACT GOLD MOUNTAIN MINING

Thank you for watching and please understand that this is not investment advice. I’m making these videos for myself and nobody else. Look at these videos as if you found a very uneducated person’s diary, and you got to read it. It’s okay to laugh at my stupid ideas, bad English and awkward look, but it’s not okay to follow anything said herein. By continuing with the video, you agree to treat this video as nothing more than an entertainment show, and you consent to have read and understood the disclaimer at the beginning of the video. Yes, I do make companies who contact me pay for interviews, and this was no exception.