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Re: Golden Cross post# 2181

Wednesday, 11/06/2019 12:19:25 AM

Wednesday, November 06, 2019 12:19:25 AM

Post# of 3017
RE: GCM News $15 Mil. Eric Sprott Investment -

Sprott bought into KL and Fosterville and it continued to go up and
up and up and up.

The share price rise is a function of how profitable the company is,
not if Sprott has some magic touch. Sprott has bought losers too and
not surprisingly those were money losing companies.
What GCM/TPRFF gets from Sprott is a green light for institutions
to buy and public exposure.
The cost is the same as a marketing expense and can accomplish more
than what a bunch of ads can do. A bit of dilution is not going to
change the profitability of a company.
There were people freaking out when Fosterville had share dilution,
and now most people have long forgotten that dilution.

GCM has similarities to KL: high grade and strong cash generation,
underexplored in the beginning but with investment they found more
and more high grade which caused the share price to go up and up.

A lot of people must be kicking themselves selling KL too soon and
then watching KL continue to go up.
GCM has a good chance of being one of those "kick yourself stocks"
too if it is sold too soon.
Some people who are selling now think it is the top, but it can't be
the top because GCM is still extremely undervalued and still generating
a lot of cash.
Those people will eventually be kicking themselves -
by invest234 thanks good info

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152010858

God Bless


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