Thoughts on GGGI’m looking to buy GGG and have read their presentation. It looks good, but I have yet to see a corporate presentation that was packaged to look any other way… But here are some things I am considering:
*Glencairn recently began producing at their Bellavista mine—should increase cash flow as production rates are set to jump considerably this year
*Apparently they produce for about $140/onze while others are around $250 (+\- a bit on both)
*they appear to have gotten past the labour disruptions at some their operations and a going full steam ahead.
On the surface this seems like a good play. Under a dollar for a company with cheap operating costs, increasing production and proven reserves
Am I missing anything? Like I said before, I’ve only heard the good stuff and would like to know if there are any red flags a potential investor should know about going in. Anyone?
Thanks
Jeff