RE:RE:RE:RE:I know one thing for sure about GCM
by the way... its a good sign if the mining engineer is buying shares ..Rodney Lamond joined the company not long ago and he was CEO of Crocodile Gold (now Newmarket Gold) ...he should know whats going on at the mines.... at POG 1300$++ and 35000 oz quarterly production the EBIDTA is near 18 million$ .. interests will come down, no more debt restructuring costs ...
without bigger investments in mines and exploratuion they should be able filling the Debentures sinking funds by 5-10 million$ per quarter ..including Q2 the have 9 and 15 quarters left until 2018 and 2020 debentures are due.. buying back debentures or serving most of the debt is highly possible