RE:GCM tipped their hand ...why would they merge with goldx to put debt on gcm books when they spun out marmato to avoid putting debt on gcm books?
guy was a special situation that would have sped up production.
why wouldn't they treat goldx the same way they treat caldas, putting cash in when they want?
they can treat both caldas and goldx as joint ventures, with varying % ownership depending on how much spare cash they want to put in, and avoid putting debt and dilution on gcm shares.
veteran98 wrote: All this talk regarding dividends and paying the notes off early is just noise .. I think they have no intention of doing either ... GCM tipped their hand when they made their ill-fated bid for GUY/GLDX ... my guess is that they are likely still looking to a business combination which if that is the case in most cases it will be short term negative and depening on their acumen may or may not be beneficial in the long run... Mining companies are notorious for overpaying when it comes to being acquirors but at least in GCM's case going after GUY they have shown they were being opportunistic...