Something big happening behind the scenes I’ve noted that for the past 4-5 weeks that Eric sprott hasn’t mentioned GCM.T in his weekly podcast... when he used to pound the table weekly about GCM.T and JAG.T ever.... now he only mentions JAG.T. He has explained several times after a “blackout” of discussions on a company, that he can’t discuss any company if he knows of anything confidential because it’s insider information.
A week ago I honestly believed that it was some sort of Caladas gold news that he was waiting on to be released, but now still no mention of GCM.T. I know for a fact he received email questions about the company.
Its purely speculation on my part but I honestly believe there is merger negotiations, or buyout negotiations ongoing. Sprott said several times, how GCM.T market cap is embarrassingly low... he know everyone in the sector and can easily swing votes in favour of a merger with his 20% holdings.
My guess would either be the obvious assumption of a large Chinese company on a shopping spree or Lundin Gold. Lundin Gold CEO openly talked about looking for an acquisition in January, plus their market cap is inflated compared to GCM.T
https://www.bnnbloomberg.ca/lundin-gold-ceo-looking-for-acquisitions-and-open-to-a-takeover-1.1379022 Lundin gold LUG.T is trading at at 2.8 Billion MArket cap with expectations to produce in the 300k Oz range yearly. They could say offer a straight share for share buyout at $12C and only diluted the company by 25%. Yet when you include CGC.T future production that would more than double LUG.T production over the next 3-4 years when Caldas development is complete.
Don’t be suprised if it happens
The Alchemist