Post by
invest234 on Aug 11, 2022 7:35pm
gcm q2 net income of $39.0 million ($0.40 per share)
q2 fcf $20.5 million, big increase from last year.
net cash provided by operating activities increased to $31.5 mil
with eps of 40c, gcm share price should go up at least 40c right? ;-)
cost will decrease in h2 without the temporary switch to higher cost electricity in q2, and increase to 2000 tpd in aug. will increase production while lowering cost.
cash balance would have been $300 mil without the $35 mil cash used to buy aris debenture. but that is like sending cash to aris and eating it back with aris merger, like a snake eating its own tail..not bad considering they used $31 mil cash investing in toro in h1.
with cut in divi and savings in merger g&a, they will save additional $30 mil per year.
segovia continues to generate a lot of cash.
Comment by
invest234 on Aug 11, 2022 7:47pm
gcm did not get the benefit of higher non-gaap adj. earning last q, so they should not be punished for lower non-gaap this q. either use one or the other. you can't selectively choose whichever is the lower number every q to bash gcm.
Comment by
Stratocheif on Aug 14, 2022 9:14am
Yes it's all good. Especially the stock price...down 3.5% in past couple of days
Comment by
likeike on Aug 15, 2022 7:03pm
Spoken like the true visionary that you are. You have such a tremendous grasp of the obvious. IKE
Comment by
Stratocheif on Aug 17, 2022 12:30pm
Gcm went down 4% today. I'll keep you updated
Comment by
Pete1986 on Aug 17, 2022 12:46pm
Relax, afer 8pm we will see a share increase.
Comment by
invest234 on Aug 15, 2022 10:55pm
would you prefer they have a loss of $39 mil instead of a gain? it is not like all the gold miners are sky high except this one. if you can't stand to see share price drops then what are you doing in the stock market.