Post by
Brioche on Jun 15, 2022 1:35am
50 k at 3.88
Good but not enough... we are probably bottoming .so not too many days with such a discount.
86k every day until july please .This is less risky than to construct in the jungle.
And you can reissue if necessary .( i hope not ) .So 0 risk.
1.5 to 2 millions shares cancelled in june will have great great impact LT.
The core business ( without aris& dslv ) is worth 192 mil usd . Ridiculous with nearly 300 mil of cash in the hands.
7/8 mil in repurchases do not even represent half the sum for divi.
Don't try to pick up the absolute lowest . To buy every day the maximum authorised .
Thx management..--))
Comment by
Brioche on Jun 15, 2022 1:46am
Gcm spent 3.7 mil cad for dslv in the last 2 months. Regrets for not putting the same sum in gcm. Nothing new in the galaxy unfortunately.
Comment by
kkkrrr on Jun 15, 2022 10:54am
the property near lomera was aquired for 1.8 billion $ early 2022 ..same size/ same grades ... good move from GCM buying more shares of Denarius ... a lot of upside und good diversification ..and its only a small part of free cashflow GCM makes in Q2 ...... i'am a buyer here
Comment by
Golddd on Jun 15, 2022 11:06am
it will be some company that sends it down to make the lowest bid on the gcm galaxy. is the only explanation.
Comment by
kkkrrr on Jun 15, 2022 11:11am
marketcap of GCM is 285 million USD now .. investments nearly 150 million USD , Toroparu worth 300-400 million USD .... you get segovia for free ... completly insane ...
Comment by
tsoprano24 on Jun 15, 2022 5:03pm
Brioche, you may want to check rules associated with stock buybacks. From my memory, they can't buy first nor last half hour of day, they are limited to a certain percent of trailing 30 day volume and can't buy offers nor raise bid. They can match bid but not move bid up. So they are handcuffed as to how many shares they can buy daily unless things are different now. T
Comment by
Brioche on Jun 16, 2022 11:12am
I don't find the exact rules . But i think they can make 86k a day . So invevitably they have to buy every day to make a million of shares . This could have been done simply with the money invested in dslv these last days, A heavy mistake in my mind because toro is well in advance vs lomato. The lassonde curb is much more favorable for toro aka gcm
Comment by
Pete1986 on Jun 16, 2022 11:18am
It depends on how much value is behind DSLV. If its gonna be true what Fino tells investors, DSLV is gonna be the next big copper discovery, similar ot Filo Mining. So it makes pretty much sense to buy as many DSLV shares as possible. Great job Fino.
Comment by
Brioche on Jun 16, 2022 11:30am
Do u want my real opinion ? Gcm treasury ( cash ) backs any personnal investment made by fino. Follow closely the recents purchases into dslv. ( do not forget he is also the dslv boss and what it's mean ) Ask yourself if you have gain anything with the recent moves in dslv .
Comment by
Pete1986 on Jun 16, 2022 11:40am
Fino bought lots of shares in both DSLV and GCM, so he has lots of skin in the game. All in all its a great story, many opportunites, lots of growing projects. But of course, share price is not reflecting that. Yes, the sector is also down pretty much but I would expect an outperformance from GCM. So lets see if GCM is able to go up to 5 CAD again.
Comment by
Brioche on Jun 16, 2022 11:46am
Of course gcm will retake the 5 and way more . Absurd today's price . As for dslv , , as the galaxy will be unable to develop it , i bet later for a remake of the caldas spin off with huge compensation at the end ... Nothing for you ..dear friend . I hope i am wrong ....but ... you have a no biased opinion. Glty