RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sprott said why he sold on his weekly wrap upI would add , appart from the dilution matter , that serafino doesn't communicate enought about growth. A 200 koz gold producer is by definition a growth story , unlike the big names unable to double or triple the prod . If you want to make salivating new shareholders you have to offer always new projects . Look at what boost the pos of many miners : pr announcing new prod .
We all know that there is many projects in the gcm bag , but from an external pt of view , the goal is unclear . What will they do with caldas , with gldx , with zancudo , and so on...
As segovia cannot boost significantly the prod , we are seen as a 200 koz prod . End .may be in a risky country which is not with a short lom which is false.
The floor is there , because it's so ridiculously undervalued .but i think management has to make some effort in communcating regurlarly, showing the goal LT.
Easier to say than to do , but i do think this as important .
Personnaly , i don't care about that , knowing this is a bil usd company by comparing what we find elsewhere. I just regret the time lost . At the end i increase my stake on every good dip.