RE:Why GCM isn't trusted and continually lags
please substract GCM ownership in Caldas, Gold X , Western Atlas , ESV Resources (Zancudo) + Cash Balance from GCM marketcap ... you will see the remaining value (Segovia) is very very low ... and all 4 holdings have upside in valuation , GCM will exercise warrants of all these companies from own cashflow and raise value .... additional share buybacks + dividends...
.... do th math, you will see..GCM is undervalued ... i strongly believe Gold X will be taken out next year for 5 CAD+ (they currently are drilling the high grade northern part of toroparu for additional ounces (look at their new presentation) ... Caldas+Juby is worth 500 million USD+++ ...the onwership in these 2 company could be worth th entire current GCM-marketcap ...
when POG stops it's decline GCM will go up again....