RE:RE:RE:RE:STRONG RESULTSGcm will reverse its trend when fino will switch the stupid div by buyback. Simple as that.
You do not trust me ?
1) please look at the best rise for gcm in the past
a) on the q4 last y against each others miners when they bought back around 7/800k shares.
b) at the top jan 1st they decided to stop the repurchases and with their big generosity they do not have , they incremented the monthly div policy . Result , stock smashed by half ( while nothing has changed on the operating front )
2 ) comparaison : there is one g.miner very very proud to distribute div for years and y if not decades :GORO . Please look at the chart just 10 sec . All is said .You have LUcara ( luc ) too as a school case
3) fino says gcm is a growing company . A growing company does NOT distribute money . Holders are rewarded by the price of stock .For 3 or 4 % a y we have lost nearly 50 % What a deal ! If fino did not own the company he would have been fired.
4) do the gafa give their money ? No .the vast majority repurchase their stock regurlaly . No divi or very very little . ( same in the sp500 . They even borrow ( with so cheap money ) for this )
5) div are incremented to keep the naive ( big or small ) on board .
6) after having been diluted for many reasons, drilling , sprott , spin off, options, goldx etc etc.. management has discovered suddenly the power of cheap money . Now they got 300 mil , which they will let in the bank for at least half , because toro will not see the light tomorrow , they have the incredible opportunity to act on the pos by buy back. This is NEVER NEVER money lost as you can reissue it when you want .
So they have to stop this fu.king mortal divi , to buy their own work. They do need to switch this policy in full , but step by step but starting tomorrow. By reducing the float , you squezze the shorts;
the nake , the etf , the funds always obliged to buy higher to reenter. This is basic lesson. And more , you save the divi ( money ) of the shares deleted.
Toro is a good project because of its 24 y lom . A human generation. Incredible . But do not hope it will be realised as in the next pea. G.Miners are dreamers . So it will cost more and will take more time than announced .The "on time and on budget " sentence is pure fantasy. ( the pea has already one month in the teeth. )
So it will not fully produce before 3 y . However Buy back is possible on.... next monday
End -)) very good luck to you. Gold bless us .