RE:RE:CNL Continental Gold TSX (CNL:TO) vs. GCM/TRFF - Gran Colomb>> By the way, any insider buys due to that huge opportunity buying such a undervalued company. lol. sorry bro, <<
Insider reports show GCM bought back millions of dollars worth in 2016. You need to get your eyes checked lol. The company itself is an insider. 2017 they will be buying a lot more back with the increasing cash generated from the higher production. (the convertible debentures are linked to the shares).
How much did CNL buy back?
Max_Value wrote: Just some quick facts about Gran:
- only 3 mio on cash left
- total debt more than 200 mio
- only about 25 mio netincome 2016
So, how do they wanna pay back the debt????
- only 400k m&I ounces left (Segovia), only resource, no reserve, no economic study?
- Marmato Project only hosts resource, 10 mio ounces but low grade, no reserves, no economic study? can they turn it in money?
To sum it up, the got huge debt and therefore huge finance costs, they make almost no cash and running out of ounces (nobody knows if its economic to recover those ounces , cause there are no reserves, no econmic study)
Market cap is only 30 mio, thats due to the fact, that they are broke, almost bankrupt.
No chance to surive. Thats why they only got a market cap of 30 mio. Imho still to much for a broke company. By the way, any insider buys due to that huge opportunity buying such a undervalued company. lol. sorry bro, but its funny to compare it to CNL.
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