Cannot trust management
I lost a couple thousands on that one, they had at one point almost a billion dollar in liquidity, they should have just paid-off the bond holders, auction off everything and pay us whatever left, that would have probably made a good 2 USD per share. I didn't mind Skouries not getting built, but Kisladag going to ####really blindsided me (i think everybody).
Lamaque coming online in 6 months is a good thing, but this company has consistently under-delivered for the last 6 years.
Even at current prices I fail to see any value, Olympias was supposed to be a 100k+ ounce a year, it's not happening either?
I can't see a best case scenario too much capex, financials for their other projects are not very attractive either.
GLTA.