Post by
Rational43 on Jan 20, 2021 11:49pm
Once the CFO stops trying to be cute in the FX market
This company is making a lot of money, which is being masked by Executive trying to be cute by messing around in the FX trading market.
The good news is with USDBRL coming down, the MTM on the currency contracts will lead to a gain for Q4, letting the companies true profitability show.
Better yet, the company's dumb betting on currency markets is coming to an end so the damage is done, and the lesson, as painful as it was, was hopefully well learned.
Comment by
disosa on Jan 22, 2021 12:29pm
When will this end?end of feb?
Comment by
Rational43 on Jan 22, 2021 3:13pm
Well the damage ended when the BRL stopped falling vs the USD near the end of Q3. The contracts are over Feb '21, so there is always the chance that a major drop in the BRL could hurt GPR between now and then, but Q4 shouldn't be hit. The big hit was early in the year, turning a money making company into a money losing one.
Comment by
disosa on Jan 26, 2021 6:00am
So net profit will be bigger in Q4 despite lower goldprice because of less money lost in fx contract.. And for q1 it looks good also..time to add soms shares.. I guess when contract fx market ends end of feb more investors will step in because less risk..combined with higher goldprice could double our shareprice aftershave results Q2 will be reported...
Comment by
disosa on Feb 22, 2021 10:49am
it looks very promising for GPL for revenues (net profit) in Q4 2020 and sure in Q1 2021. we will see big surge after numbers Q4 and Q1 (confirmation) will be out...by May we could be trading trading between 2 and 2.5 CAD.. is there anybody who knows the % gold and silver revenues we have now at GPL?how much % gold and how much % silver for revenues?
Comment by
topsydc on Feb 22, 2021 6:10pm
80% gold 20% silver me thinks
Comment by
stockwrestler on Feb 22, 2021 11:10pm
in ounces or in dollars? I would think it is approaching 50-50 in value of production. sw
Comment by
Trachy on Feb 23, 2021 8:12am
Q3 2020 Highlights Produced 39,788 Au eq oz on a consolidated basis – a 3% increase over Q2 2020 – including 34,030 gold ounces (Au oz) and 375,427 silver ounces (Ag oz) in $ : 34,030 oz Au = $61.254M vs 375,400 oz Ag = $10.512M. So it's about 6/1 or 85.4% vz 14.6%
Comment by
stockwrestler on Feb 23, 2021 11:56pm
well, it is amazing how they turned that around and are practically now a gold producer rather than silver! glta https://stockwrestler2.blogspot.com/