RE:RE:RE:RE:Yess another 225 k cancelled>>that debt is dedicated for toro construction and is relatively low interest rate due in 2026 which gives toro plenty of time to pay that debt.
yes, and not only were the bonds for it issued at the surprisingly nice (low) interest rate of only 6.875%, the stock that was just bought back cancels out a tad over half of that rate in the dividend payout savings.
considering this market's incredibly stubborn resistance to giving this over 200k oz producer any more of a reasonable valuation than this disgustingly low and puny - less than half a billion - enterprise valuation... well, buying back stock right now is what some mining pundits might be likely to consider a "no brainer."
furthermore, prior to the evidence that they had started buying back stock this month, less than 2 weeks ago here I had plainly (and rather boldly) said if they didn't start buying it back, they probably never would... and that they were "missing the boat." (I had a few other choice thoughts about it at the time that fortunately... I refrained from saying.) Now, the tables have turned, and I'll voice my concern that it's the analyst that haven't yet snapped out of their stupor. (Because it goes without saying that the market is still dumber that dirt about the overall reality of what GCM has accomplished, is doing, and the profitability of it in the relatively near future.)
but, what do i know, eh?