q1 $2.02 earnings per sharea whopping $2.02 earnings per share in a single quarter for a $5 stock.
all those quarters in the past gcm got punished for having a loss from non-cash charges. now that the opposite happens, shouldn't gcm get rewarded for a change?
as i said last q, share price rising from $6 to $8 gave them a big non-cash charge. q1 dropping from $8 to $6 gave them a gain.
gcm should only get better going forward.
$11.2 million VAT refund finally received in q2 to boost cash.
no more drag from marmato.
expansion to 2000 tpd drops aisc further and increases production. q1 is always lowest production q.
tailings recovery project adds to earnings.
lower interest to pay on smaller debt.
those millions of shares short better run for cover!