RE:RE:RE:RE:RE:RE:RE:RE:RE:Gold spot green overnight again...that is good, that means there are plenty of potential future buyers left that have not bought yet. institutional holdings have slowly grown from 0% to 23% of float. img has 82% institutional holding, so there is still plenty of room for gcm institutional holding to grow. the more naysayers there are, the more potential future buyers there will be when they see gcm earning and cash explode up.
i don't see where things are not explained. the news releases explained why they had financings, they said they raised cash for expanded exploration for segovia, sprott strategic holding to raise awareness of gcm which he did, cash to buy shares of caldas and goldx, to diversify into guyana, buying juby is self explanatory (safe jurisdiction, multi million oz, diversify). they did not know the gold price would rocket up. if the gold price had dropped instead, they would be praised for equity financing at a high share price. the biggest complaint appears to be the extra warrants increasing dilution but that can be explained by the need to juice it up to attract investors to what investors think is a higher risk jurisdiction. i suspect they want to use the warrants (with a higher exercise price than the stock issuance) to raise additional cash that can be used in projects. insiders exercising warrants and options give additional cash to the company.
they have been more transparent than other companies, reporting their production every month and reporting their production status in their updates. some companies stay silent the whole quarter until earnings report.
lumpy13 wrote: It's not just professional traders. It's the mgmt and the board that 1) aren't responsive to or keep minority shareholders informed; 2) make little or no effort to market the company and improve its shareprice; and 3) undertake unusual financial transactions which aren't well explained. Insititutional investors do not trust GCM.
POG is skyrocketing and GCM is treading water. I agree, it's ridiculous when exploration plays double/triple or more, while GCM is stagnant. Fortunately, I have lots of the former.