RE:RE:RE:My email to GCMmenoalittle, please explain why their cash balance has gone from around 100 million to low 70's? I know they paid off the tax which is 32 Million which brings it back to 100 mill.. What happeend with the FCF for Q2? There should have been 15-20 million minimum even with lower production. Unless the 14 Million PP to Caldas i being accounted for Q2, i dont see where the cash flow has gone...
Lastly, the actions taken on Caldas are making me uncomfortable... why take on gold notes again especially at these prices.. it would make more sense to just take on debt, considering interest rates are so low...
Before i end this note, all gold stocks are positive.. well let me correct my statement.. most gold stocks are positive today... while GCM again is down... we have lost over 20% since end May and yet gold price has risen some 100 dollars...
Market is saying something and its basically please get your act together and provide some reasoning to actions being taken...
I still consider GCM to be extremely extremely undervalued.. i cant find another stock with better value and thus the reason i am still sticking out and will continue to hold, however, if this breaks $6 CAD, i will be assessing and cutting my loses most probably...