RE:RE:RE:3x earnings
Gillis you made me curious so I had to go back and check.
- For the first 3 quarters of 2020, GG made essentially zero profit (the 'normal' situation for this company).
- In the last quarter of 2020, by some fluke they actually made a profit from mining, amounting to $0.017 per share.
- In the first 3 quarters of 2021, they went back to losing money - the small margin from mining did not cover their basic expenses. However, they were able to record a paper 'profit' of $0.11, solely based on a change in "in fair value of warrants denominated in foreign currency".
- So in the last 7 quarters, they made real money only once.
If that's enough to convince you that the shares are undervalued, then go ahead and buy.