Bear Creek Mining Corp V.BCM

Why does Equinox own 30%

[WallStreetGold]

Ask yourself why... That's a pretty heavy position. They obviously love what they have seen to date.

[goldbug1973]

Because BCM had trouble making payments on their debt and they had to heavily dilute, Equinox barely wanted any shares in the original deal for mercedes. https://bearcreekmining.com/news/2022/bear-creek-mining-defers-us-25-million-equinox-payment-now-amortized-over-two-years-and-paid-out-of-mercedes-cash-flow/ BCM isn't cheap because gold is falling, it's cheap because of poor management

[WallStreetGold]

BCM is a producer and will generate more cashflow as the price of Gold moves higher.