TSX:GMTN - Post Discussion
Post by
Inspired423 on May 19, 2023 9:51am
Gold mountain presentation full of untruths
GMTN continues to misrepresent in investor presentation.
- Slide 7: GMTN has been in production for over 1.5 years but has yet to produce 19,000 tpy. Timelines and volumes are incorrect. The PEA is outdated - the graph is outdated.
- Slide 10: The economic grade cut-off has been set artificially high to reflect more ounces. The measured and indicated values may be optimistic
- Slide 12: This slide should be deleted due to the misrepresentation of the information contained therein due to how outdated and incorrect the inputs are to the economics. The operating costs are up to 4 times higher, capital costs 3 times higher, the timing of production incorrect, and the NPV calculations therefor clearly invalid. The $231 million NPV is just wrong and is much lower based on information today. This is why they have delayed the release of an updated PEA 5 times.
- Slide 12: The $231 NPV does not properly reflect all the additional financings needed to develop the mine to 65,000 tpy. This will result in further dilution to shareholders
- Slide 13: They are misrepresenting again on this slide purposely providing October 31st financials share count. Why not use the year end count ?
- Slide 14: This team should not be running a tsx company. Kevin Smith lied so badly to investors in Q1 of 22 regarding pending revenue forecasts which have yet to be realized. Carlson and Grant covered up the mine was not producing yet obtained $18.5m in financing without disclosing it to investors. The integrity of these two is highly questionable
- Slide 17: They keep reflecting 10g/t of gold in years 1-2 production. It’s never been demonstrated they will achieve this.
- Slide 18: Pre-production costs, the after tax pay-back period, AISC, AU recovered in early years are all severely misdated
Calculating a share price off of zero earnings still gives zero. Pumpers on ceo.ca obviously aren’t basing their assumptions on fundamentals and actual financials modelling of true costs. Beware of all the hype and scrutinize the following pumpers:
Goldfish
Mastermind
Swing Trader
Canadianbars
Chicken
HweStreet08
Macrotrades
Oldtweezie
The question is which of them are from LFG Management and GMTN and /or paid affiliates of the company ?
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