RE: RE: $125 miillion market cap,NUTS!!!!! "I know Colombia is not a desirable destination but at these prices is worth the chance..."
If you call Colombia not desirable, what is Argentina? Peru? South Africa? China? Africa as a whole?
Colombia is not in the league of North America, and not like Mexico, but IMO it has become better than the countries i have mentioned and - contrary to the rest of South America, it is steadily developing torwards a more mining and investment friendly country.
Currently the SP suffers from the non-news regarding the financing. It run up, because of this and now since it is delayed (again!), the SP comes back. Too much broken promises from the management. And the market doesn't like this at all - even more, if a management has a history of broken promises and not reached targets.
IMO that's the reason for this tremendous discount of this stock. Management is one of the key factors. On the positive side: once the management begins to deliver, what it promises (financing of Segovia, rising production and sinking cash costs), then this discount would go away.