RE:RE:Deep regret : the divi institution was ( as predicted ) a Invest .... my friend ..-) ... you are mixing everything
For the fun it remind me when we have had a discuss about the 53% interest about the g.notes.. At the end , very few weeks after , when gcm got some good cash in hands , the first thing they made, was to refund the notes before anything else stopping this absurdity .
That said :
1) put on your screen tprff/gdxj
The downtrend ( or the underperformance vs benchmark ) begins at the inception of the monthly divi. Fact.
2) i have never said the underperf was because gold, petro , rates,panic sales....i don't care . I always compare apple to apple. Regarding petro/ colombia for exemple , i just see the smash inflicted by aris.
So petro has little impact in my mind
3) you seems happy with your 0.18 cad gain as divi a y by share while you have lost 4 full cad in value !! from the peak . Hum...pinch me please..
4) divi is lost money for the great part . Perhaps some guys like you reinvest the divi , but the vast majority collect the money and run like the insiders ( except for fino but not at 4% rate) or funds.( as i do)
5) gcm is a growth miner . ×2 or more in the 2 y coming . They have to keep the cash for their growth ( particularly nowadays with the rampant inflation ) And if they have surplus is for reinvesting with repurchases. The money stays INSIDE.
6) we are in the very left side of the scale for the rate of divi . Stupid . We are not Newmont aem or B2B
Dundee Kgc or Newcrest . When u are alone ( i know there is jag too ) in the category ( high div ) , it means you are not at your place.
7)the sum 18 mil cad for annual div is huge. We are told this bring discipline huh... they can instaure the same dicipline with repurchases. Cf my post on abitibi. (7000% for the stock )
Here we want just 100% ...
8) am not crying at all . I just repeat what seems to me logical . I know fino has its ears sometimes here. If it can help to change its view , i will be very happy.
9) gcm is stupidly undervalued.it means something is wrong till now . I just put on line what i thing wrong with simple facts.
Gl