GCM compared to JAGAs of today, JAG is trading at $285 million while expecting to produce 80,000 Oz Of gold for 2020. They’re trading at $0.395 CAD a share and earned $0.02 a share for Q1 2020. The share price is up %30 in the past few weeks, which could be easily attributed to Eric Sprott mentioning in his podcast that they could easily be pays a $0.05 dividend a year.
I’ve expressed this thought before, but wouldn’t initiating even a small dividend increase GCM share price immediately, and therefore achieve greater shareholders value, while also increasing the realized price for any potential merging parties? This could increase our bid without actual dilution to current shareholders. Just a thought.
GCM.T is a free cash flow machine with such a low share float, the company is ideal for dividend distribution to shareholders.
The Alchemist