RE:RE:RE:RE:RE:RE:cash balance is not equal to q2 earningsso you much prefer all the stream, dilution, and gold note debt be put on gcm shares instead?
somehow i suspect that people would cry bloody murder even more if all of that were put on gcm shares. management stated very clearly why they spun off marmato, to avoid all of that being put on gcm shares.
that 57% is not fixed. if they buy more of caldas their % goes back up and they
dilute the poor sarc holders back.
why do companies do joint ventures? to reduce the risk and not put all of their cash into one venture. sometimes people are too greedy wanting 100% having their cake and eat it too. by not putting all their cash in marmato, they can use their cash to diversify out of colombia and into guyana as in goldx. most people would say diversification is good, and some investors even demand it.
why do people keep saying they put their cash in silly ventures?
they bought goldx shares whose price is now way higher than they bought it at.
guy shares whose price is way higher.
caldas shares whose price is higher.
their investments have been making a
PROFIT, so why is that so silly and bad?
expanded drill program for segovia.
they diversify and invest in multi million oz gold projects, why is that so bad in a gold bull market?
any other gold producer that acquires 4 million oz in one of the safest jurisdictions in the world for only $50 mil would be praised. but somehow it is treated as a crime here.
it does not take 15 years to produce a pea for juby. other companies are praised for creating a pipeline of diversified projects with different timelines, but somehow when gcm creates a pipeline of projects it is considered a crime.
Moogul wrote: Last point... 6-9 months ago we owned 100% of maramato (our near term growth... the future) and now we only own 57%... wtf. It's not like were even fully financed there.