Post by
silverfreakynew on Aug 16, 2022 2:10am
I hold thist Stock since Sandspring Resources.
10 years.No trading (what was wrong).Even the inflation is higher.The most worse investment i ever did.
Comment by
invest234 on Aug 16, 2022 3:04am
sandspring was a company with no earnings and only burning cash. that is your own fault for buying a company that was not making a profit. if a company is losing money then their shareholders have a good chance of losing money too.
Comment by
invest234 on Aug 16, 2022 11:43am
if you want suggestion of something else to buy so gcm won't give you pain and angst anymore, in my opinion sgi and nkl is cheap right now. nkl is dependent on performance of nickel price. other people may have other suggestions. now is the time to pump your other holdings :-)
Comment by
TorontoJayH on Aug 19, 2022 5:30pm
in addition, I don't think dividend will cost them that much even with more shares? like $1.5-2M/month? they rather spend many many millions on investments/expanding than paying little cash flows to shareholders.. plus share price has been not doing well it is difficult to become a shareholder
Comment by
TorontoJayH on Aug 19, 2022 5:51pm
I bought more shares at $5,$4,$3ish because I thought at least GCM has great cash flows to afford great dividends.. If share price performing much better than peers I wouldn't care if they cut dividends. Now I feel stuck, not sure where Gold price will go and if more investments/surprises are coming.