RE:RE:RE:RE:RE:RE:RE:I hold thist Stock since Sandspring Resources.With that kind of cash flows.. if not paying dividends, why can't they just keep buying back their shares so SP can reflect the fair value? then expand?
They bought some shares then more dilution.. bought some share then more dilution.. keeps on going..
GCM management keeps rolling their dices until they go big or go broke.
Are all mining companies doing the same things?
I know that is their style (a risk) and I just wish they can share some bread crumbs (dividends) to reward shareholders. SP keeps diving and they even have to remove the dividends which they can easily afford? To save $20MM a year so they can keep buying DSLV?
I am sure some shareholders have complained about divdiend cancellation?
Should I bother to send them an email sharing how I feel?
I guess I will keep holding my shares praying gold price won't crash and they won't have huge cost overrun.
I will be so upset if GCM got acquired for merely 20-30% premium.