RE:RE:RE:Mark to Market Loss on 2024 Warrants it is outstanding if people read the news release for themselves and use the $0.33 adj earning instead of getting wrong information from message boards. that is $1.32 over four quarters for a $5.50 stock for a P/E of 4. and q3 was not even a record production quarter. that will be coming up soon in q4. easy to adjust for dilution but the warrant exercises adds back a load of cash to gcm. fortunately sprott and institutions don't read message boards of people working hard to make gcm look bad.
still complaining about debt? net debt is close to zero. with the $40 mil raise and $84 mil cash end of year, they have $124 mil cash available now. then add around $70 mil free cash generated every year with this gold price. if gcm is so bad, tell me what other company is generating more free cash to market cap (enterprise value).
Barkis wrote: - Fair enough
- All the same I will be "Adjusting" end of year earnings per dluted share in my own head based on the eventual number of 88 million shares and not the 60 Milllion curently outstanding. Accountants are ok but sometimes they won;t look you in the eye.
- Anybody who cares about the long term share price should do likewise - (as well as adjustimg
the forecasted cash levels and debt levels to reflect the exercise of
those warrants/options/debentures).
- :"Adjusted" earnings were .18 per share Ot 31. Is that really outstanding given thier debt
and future dilution?
- They will be probably reporting Dec. 31 & Mar 31. numbers using the same method.
- Guess it all comes down to how well they operate. Maybe they should be telling us something
new every week our so if they want us to keep biting.