Aris Mining Corp. T.ARIS.W.A

The best interest .

[Brioche]

As the people do not understand  that for a miner the real adversary is not the  work of mining , but the stock market itself , gcm has the unique opportunity to execute its 2020 ncib until sept 3 , and to begin the new 2021 from there ( if  renewed ) 

150 k shares to cancel every day until sept  ( +50% with the new shares for gldx ? ) and roughtly 220 k every day  just after . 
So it means at least 5 mil shares cancelled at the end of sept. It means by reissuing,  theses shares above 6 cad , nearly all the premium offered for the gldx shares is erased. 

This kind of basic operation has NO cost , NO impact on the treasury , at 1 y horizon , 
They can do it , they have time and all the money they want. 
Let me tell you , the impact on the stock will be well beyond what you imagine.

Now as shareholders , everyone  can recall fino  what each year he signs :

The Board of Directors of Gran Colombia has determined that the repurchase of Shares pursuant to the NCIB presently constitutes an appropriate use of financial resources and would be in the best interest of the Company’s shareholders

..."..THE BEST INTEREST..."

Not a simple  interest .....but the best . Triple lol .

[gottschlich]

Thank you brioche - I agree 100%!

[Stratocheif]

Wont help us any. Silvercorp was buying back its shares by the boatload back in 2014/15 when they were 60 cents. Didnt do anything for thier sp till the price of silver went up and there was renewed interest in the space. If gold contininues dropping so will all miners

[Brioche]

A boatload ?  2 mil on the 172 mil shares they had . i.e 1.2 % .... lol Svm has the same float for the last 8 y. That's why they have twice the mcap of gcm with only half prod , meaning the svm oz produced is worth x4 the gcm one. Gcm for good or bad reason has increased by 250% its nb of shares in less than 3 y . If you want a perfect exemple , follow rzz . Repurchases since inception

[Brioche]

Oups . Gcm  +150 %  ( not 250) 

[gottschlich]

Thank you again very much Brioche, your post being at the point, nothing to add. Following my humbled technical analysis of the weekly GCM chart at e.g. https://schrts.co/NKUCNuFD by checking: - the CCI(18) in combination with: - the consolidating MACD(12,26,9) - the narrowing BB(20,2) and - the SP nearing the MA(200) (as seen last time in mid-March 2020 disaster)... ...Wise GCM

[tsoprano24]

Strato, we can't predict the POG but we can know when gcm is cheap. The company needs to take advantage of the situation. They have too much cash. And by that I mean if they continue to let money waste away in a bank acct I m afraid Serafino will come up with some less productive way to get rid of it. This is an immediate return on investment. Nothing tricky, nothing dangerous. There is a