RE:Is there anything I am missing?Been in GCM 3-4 years and it's always been the cheapest gold producer around.
My sense is that most institutional investors don't touch GCM because the game the mgmt/board has played in the past. Expensive financings, which are extremely lucrative if you could get a piece (I tried, but never could) and continual financial machinations buying and selling assets (and never sure if insiders were benefiting at the price of minority shareholders).
I keep hoping things will change. A significant first step was the recent financing without any kickers. Also, will be interesting to see if they can develop the Toroparu mine. They say they are fast trracking it (maybe in production in late '22, if I remember corrrectly), but I'll believe it when I see it.
You will need to be patient and, like all gold stocks, is correlated to the price of gold, which has been relatively stagnant the past year.