Comment by
invest234 on May 17, 2022 9:59am
great price to buyback shares. a full dollar lower than their previous buy! gcm bought toro for $300 mil using $6 gcm shares. if gcm buys back shares at $4 that means they bought toro for that much cheaper: $4/$6 x $300 mil = $200 mil cdn. when toro is worth usd$800 mil @1500 gold. that is if they can buyback that many shares at $4.
Comment by
Brioche on May 17, 2022 10:59am
yes yes yes ... But don't miss the elephant in the room ... And the elephant is Petro able to win on the first round.( polls ) This doesn't make salivating the big investors . Even fino who is buying spain hand over fist rather than gcm even very oversold. ...Good luck with the upper side of marmato....with petro ..
Comment by
invest234 on May 17, 2022 12:10pm
what elephant poll shows petro able to win first round with 50% of votes? upper side of marmato is priced at $0. why would you be worried it will be priced at $0 again? did you sell all or most of your gcm shares? fully funded toro is not in colombia and worth a lot more than gcm market cap. no matter what petro does, guyana cannot disappear.
Comment by
Brioche on May 17, 2022 1:08pm
https://iknnews.com/colombia-la-gran-encuesta-puts-petro-in-front-from-ikn678/ Marmato 0 $ ok . But for the 700 mil usd ....far from done . Toro funded but not build. I maintain my stake for your information . Am not a basher , but i see the glass far from full.