RE:RE:RE:RE:RE:RE:RE:Gran Colombia Gold Invites Shareholders and Investment Commui was referring to the impatient investor as not seeing the ball rolling, not just the non investor. the share price of gcm has risen multiple times so clearly it has been rolling. recently there is just a temporary consolidation after the last fast rise. people have been recognizing the success of gcm. from analyst added, to tsx30 index, to tsx smallcap index, institutions buying over a million shares, to sprott buying 3 million shares. addition to gdxj is probably just a matter of time.
roxgold does not have some of the baggage that gcm has. it started out as a pristine new high grade mine and burkina faso was safer back then without the terrorist threat now, so it was fully valued from the start.
gcm has a loss history that scares some people who invest in the past instead of investing in the future. that is overcome by more years of profit success and past history becoming further away. there is the misunderstanding of the non cash losses on every earning report. as the debt is paid down, that will disappear. if the shares of caldas and goldx rise in price and gets marked to market, that may even boost earnings. gcm also does not have the pretty npv irr that some miners have, and some people think it has short mine life (even though mii is 2.5 mil oz). the upcoming expanded drill program will improve this. if they use a higher gold price for their feasibility study instead of $1200 which looks too low now, more of the resources can be moved to reserves, increasing mine life and making the npv irr look prettier.
as gcm continues to create a longer history of profit success and shores up its reserves, more people will recognize it. seeing success in their investment projects caldas and goldx will help also.
lumpy13 wrote: Invest234: I always appreciate your views. But the question remains the ball is rolling but people are not seeing it. Why and when will that change and people 'see it'?
Maybe I'm just impatient (and can't complain by my nice profits since '18), but whenever I tout GCM to friends in the mining industry (be they technical or financial), and highlight it's metrics, they never show any interest.
Strange that so many pre-production mining stocks are rising dramatically (generally on speculation of what their reserves/resources could be, and the subsequent projected mine production, including AISC, IRR, etc) while a low cost, growing AU miner like GBR has relatively low stock price growth.