ARCA:GDXJ - Post Discussion
Post by
goldeagle1 on Aug 16, 2019 2:44pm
Gran Colombia Gold (TSX: GCM) - TOP 3 globally @ 17g/t. $540
Gran Colombia Gold (TSX: GCM) - TOP 3 globally @ 17g/t. $540
Gran Colombia Gold (TSX: GCM) - TOP 3 globally @ 17g/t. $540 AISC. PAY ATTENTION TO THIS COMPANY -
https://www.youtube.com/watch?v=9jj5Qm5jg10 CRUX Investor
Published on 13 Aug 2019
The highlights from the Interview with Serafino Iacono, Chairman of gold
producer Gran Colombia Gold(TSX:GCM).
Segovia - they operate 3 or 23 gold mines in a concession.
They own the mineral rights and the land so they don't pay any
Royalties.
Producing over 193,000 oz of gold per annum.
Marmato - they changed the design of the mine to an underground mine.
Producing 30,000oz of gold rising to 180,000oz.
A very clever group who have come up with innovate ways (eg: issuing
Bonds) to finance this company in to a mid-tier gold producer.
Listen to the terms of the Bond and how quickly they are paying back
their debt.
Marmato coming online will take this company to +400,000oz gold
production.
Phenomenal team. growing at 15%-20% grows for the last 4 yrs and that
was before the recent hike in gold prices.
They are anti-dilutive. Management hold a significant percentage 20-22%.
They have put a large amount of their own money in to this.
Genuinely one of the smartest, most nimble management teams we have met.
You need to look at this gold producer seriously. We are.
Serafino discusses:
1) Their two assets: Segovia (193,000oz producer) and Marmato (30,000oz
producer)
2) AISC down from $1,100 to $540
3) The Bond with Canada: investors get all of the $1,250 of Gold's
upside
4) Finances: Cash, tight hold on shares, the balance sheet and
repaying debt
5) 225,000oz to 400,000oz by the end of 2023 Company page: https://www.grancolombiagold.com https://www.youtube.com/watch?v=9jj5Qm5jg10 It is anticipated that insider Gran Colombia Gold Corp. will participate in the private placement subject to TSX Exchange approval - https://www.sandspringresources.com/i/pdf/nr/ssp-20190806-pr.pdf https://www.sandspringresources.com/ https://www.youtube.com/watch?v=9jj5Qm5jg10 trunkmonk well, Gran Colombia Gold Corp. (GCM)(TPRFF) a first target $9 > > Higher BreakOut is a Start and a Long OverDue its very oversold and undervalued - Gran Colombia TPRFF a step closer to get their rich Venezuela gold mines returned back, for the share price been more than >$800.-/share before - The latest sanctions are an attempt to cut off funding for President Nicholas Maduro. Opposition Leader Juan Guaido supports the measures, saying they put pressure on Maduro's "dictatorship" - Guaido has told TPRFF that the mines will be returned and he want help to restart them all - Al Jazeera's Teresa Bo sat down with Juan Guaido in Caracas.
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