RE:cash balance is not equal to q2 earningsVey well said. Good explanation of statement of cash flows. The shorts here are trying to manipulate everything with no factual backing. No links, no financial statements. The facts remain the same as always, that is, gcm makes money hand over fist. They knew they were undervalued because of two predominant things, location and mine life. Most people by now know Colombia is much better than the days of FARC and drug dealers running everything. Nothing can be done about ignorance and prejudice. When you check the list of places to mine, Colombia comes up as fine. The life of mine is another fallacy that should be put to bed. Whatever they mine is replaced by drilling. Sure, to a rookie or someone trying to con people into selling, it looks like a few years of gold left. To the investors that dig can see that this was the same as 5,10, 20 years ago. It just keeps on being replenished. So they have done some investments to shore up location and gold ounces. Instead of being rewarded for it, the stock is down based on factless rumors of inside deals and overpaying. The truth is we stole 4 million ounces in a good mining location, got overpaid on an investment in GUY, had another very profitable quarter and watched two investments go up in value. So, not throwing in the towel, but rather taking advantage of the shorts hard work to bring this down for me. Not only can I buy the cheapest, most profitable gold producer out there, but buy it cheaper because some paid hacks scared a few weak hands into panicking. This is really too easy.
T