RE:RE:Learning from mistakesgcm already reports consolidated production with caldas as well as consolidated financials because it owns over 50% of caldas. last two quarters caldas reported separate financial statement, but gcm is still reporting consolidated production and financials. if caldas produces 150k oz and segovia produces 200k oz then gcm should be reporting 350k oz production. so there is no need to buy more caldas to show a large production number except to keep ownership over 50% or if caldas share price is really cheap.
and any extra production from juby would be added to gcm financial statement too.
maybe that was management strategy, to be able to report large consolidated production without paying for 100% of financing.
kkkrrr wrote: Marmato was spun out because management don't wanted the debt for the expansion at GCM's balance sheet... ... afte a successful expansion of the mine and solid cashflow it would make sense buying it back ... GCM could eliminate the Marmato-notes for cheap shares (via PP) of Caldas (with Segovia's cash) and get back 80% of caldas wich would be debt free after the notes are paid down ;) .... later combine the both companies and we have a 400000 oz p.a. producer + Juby ... wonderful