RE:RE:RE:GUD and INFLATION"You can't compare Palladin Capital base vs GUD. You can't do this. GUD made the mistake to raise too much cash + invest in funds."
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That was no mistake ...
There are roughly 8x more shares.
That is understood and must be considered in any analysis
Our revenue is 10x that of Paladin's - after year 7
What I'm saying is - after 7 years we're in 11 countries and distribution in many other smaller markets. We have 100% ownership of this ROW. Paladin didn't even look outside Canada until year 10-11. They didn't expand their ownership in Sub-saharan Africa until 2012 and still, they didn't have more than 44% ownership of African assets.
We are way ahead of the game - that's what I'm saying.
Yes - investment fund money will slowly convert to cash and cash will be used to acquire operational assets and to buyback shares. Eventually the buybacks stop - same game as the first time, just faster paced and with experience.
The operations score card looks good right now (GUD vs. PLB) - and - we'll likely be in other European/Asian/African geographies by the time Paladin would have only been thinking about moving outside Canada.
The comparision is important - as Goodman's goal has always been to outshine PLB.