Gcm is closer to Crocodile gold CRKI was part of that, they were a turn around story just like this one is unfolding. Had little Debt, money they had in the bank and showing cash flow positive along with I think 130k ounces per year. so you ask what happenend? A group of the old time heaveys got together and formed a company called MNI they manipulated and suppressed the price for a long time and then people were selling due to lack of price movement and giving up in the mid 25-30 cents a share range. NMI takes it over and then offers shareholder a little priemium and stole the company. Then they did a 5-1 split and within a year the stock went up to almost 5 bucks and then it was bought out and sold again. It was a gong show holding for a year with very little movement but in the very end it all worked out. Gcm is :
1- cash flow positive
2- $850 AISC
3- has money in the bank
4-reducing debt
5- working with IAMGOLD
6- high grade mines
7- 15 million ounces in the ground so far, resource update coming this quarter.
8- and much more to discover.
This is a no brainer!!! PATIENCE!!!
l will admit all the good news in the last 2 quarters and news releases I am disappointed to say the least. Good luck to all