RE:RE:To Serafino:I agree with 3 points from invest. I think announcing any of these 3 during bull market would help a lot.
I do think that we were being rerated just when Sprott started selling and then his followers would have followed him. Hius comments for his reasons that he was selling were not helpful either as he was vague about it.
The bull market was short lived and lasted just long enough for him to sell. I believe if this bull was longer lived we would have rerated as GCM was outperforming coming out of COVID. Before Sprott sales it was outperforming my other gold companies.
Reratings of already undervalued producer very rarely happens outside of bull market so we have to wait.
I like the value brought by investment in other companies but I think we are lacking clear path to growth. I liked the original acquisition proposal of Guyana gold and gold x. I am not so convinced about gold x mainly because we pay with our shares that are undervalued although personally I gained from this as I have decent position in gold x. I would like to have clear path to growth including Segovia.
Finally money from Sprott so far ended up destroying the share price as he sold and drilling is delayed due to Covid. I would like for management to get this drilling campaign completed announce resources then show clear path for growth for Segovia. It will proof to the market that Segovia is here to stay.
Additionally if we need any money for development I would prefer to take some debt rather than issue shares. We should be able to get better terms than before.