RE:2017 POG bullCjrubber wrote: I'm betting that POG is gonna rocket after the US election...in a panic way.
Im also betting that the debs are gone by mid summer....how?.....this will be refinanced or bought out. GCM is sitting on a mountain of gold but they just need the capital to get at it.
POG? Getting bought out is presumably a primary focus of the "strategic review process" initiated by GCM last month. Their mountain of gold is being discounted because of the limited resources that GCM can bring to bear on it. There are many out there with much deeper pockets that need a mountain of gold & can pay a fair price for it.
But even if there were no prospect of a buyout, you'd think ordinary investors would be piling in to GCM when it is cheap by every metric & profitable.