RE:RE:RE:GCM Mining To Acquire Aris Gold At No Premium To Marketagreed, gcm shareholders got diluted in this manipulation but that is made up for with the new management Neil Woodyer and Ian Telfer who have much better reputation so they can get a share multiple much higher than old gcm management ever could.
plus old gcm management cannot do any more damage.
Woodyer and Telfer should get better price for acquisitions like how they acquired gcm at crazy low price!
kkkrrr wrote: once built Marmato will deliver good profit at low AISC ...combined Segovia + Marmato will deliver good cashflow for expansion into Toroparu ... for me it looks a bit Toroparu could be delayed..very passive wording about this asset ... i thik they will need the cash + cashflow for Marmato -expansion first... Toroparu later ...
from investor standpoint (as an old GCM-holder) the deal makes lasse sense ... the sold half of marmato for Aris shares and now they are back at 100% giving away more shares ... i rhing they destroyed value at all ... the GCM shareholder was paying for this all ... buying Juby and 20% of Soto ... i'am not sure i like it or not ... what i like most here is the new management