RE:RE:RE:RE:RE:RE:RE:Prepare for a short squeeze - R.I.P. shortsthat was a feeble comeback when your statement of "institutions would not touch gcm with a ten foot barge pole" was clearly proven wrong. institutional touching of gcm has been
increasing from almost 0% to now 23% of float with exactly the same governance. in fact gcm ESG has been improving with their building of a filter press to reduce water pollution and modernization of mine with ventilation improving working conditions. gcm allocates cash for social contributions to the locals every year based on production and gold price. the more they make, the more social contribution they give. the S in ESG has been increasing significantly as they generate more cash, with over 30% increase in social contributions last year.
forward looking, more institutions would continue to increase their
pole touching of gcm because of their huge cash flow and undervaluation. ESG was recently created mostly for public relations. the driver of share price for gold producers has traditionally been cashflow which is exploding for gcm.
rockhead's hard work every day does not decrease gcm cashflow by a single cent.
the sooner weak hands sell the better.
Rockhead46 wrote: That's backwards looking, institutions may come for a bit and buy but end up selling due to governance. Cheap for a reason