RE:Q3 GCM had higher Net Income than NMI !!Yes, and PE < 1, growing production, growing earnings, declining debt, Colombia being pacified.
So what's holding this one back?
It's been said here that the institutions will not own this one with a share price in the pennies.
When you look at the research posted by the discount brokers they (erroneously) show negative eps in the -$0.45 range and worse! [Is that typical of penny stocks that the brokers don't care enough to update their data?]
I could imagine that scaring off a lot of individual buyers. And if neither institutions or individuals are buying, who is? So for now it is still a buying opportinity as few are bidding up the price.
But maybe someday soon the correct information will be posted by those discount brokers & the buyers will pile in? Meanwhile, who knows what miner(s) are being courted for a sale as per their "strategic review process" - they'll know the value here even if it's being hidden from many of the retail investors.
-GLTA!
ts9222 wrote: NMI net income was $7.0m for Q3 compared to $8.1m for GCM.
NMI for a $3 dollar stock had an eps of 4c.
GCM for a 10c stock had an eps of 3c.
NMI has a market cap and EV multiple times larger than GCM. I like NMI but GCM looks crazy undervalued in comparison.
TGZ net income was $10.4m for Q3, slightly higher income but selling for a lot more than GCM.
GCM has higher grade and lower AISC than both these.
I made multibagger gains on both NMI and TGZ, waiting for GCM's turn now.